A. (6 points) The Cobra Company budgeted overhead at P 255, 000 for the period for Department A, on the basis of a budgeted volume of P 100, 000 direct labor hours. At the end of the period, the Factory Overhead Control account for Department A had a balance of P 270,000; actual direct labor hours were P 105,000 Required (round up to the whole number): 1. Compute for the overhead application rate 2. Compute for the applied factory overhead 3. Compute for the over or under-applied overhead