A Company manufactures two products: Shalom and Peace. During the year, it produced 80 Shalom and 60 Peace products and incurred estimated overhead costs of P350,000. An analysis of estimated overhead costs reveals the following activities: Activities Cost Drivers Total Cost Shalom Peace 1 Machining Machine hours (MH) P120,000 1,200 MH 800 MH 2 Inspection Number of inspections 80,000 100 inspections 500 inspections 3 Packing Orders 150,000 800 orders 700 orders Cost of direct materials P188,000 P143,000 Cost of direct labor 110,000 80,000 The company sold 40 units of Shalom at P8,000 per unit. While for Peace, 20 units were sold at P7,500. Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Format of percentages: 88% Words must be in capital letters. If the company wants to try activity-based costing, what is the overhead rate of activity 2?Shalom Company is preparing its merchandise purchases budget. Budgeted sales are P480300 for April, Pail-00,000 for May, P520,000 for June, and P600300 for July. Cost of goods sold is expected to be 60% of sales. The company's desired ending inventory is 20% of the following month's cost of goods sold. Amounts must be In whole numbers Example: 88,000 or {83,000} what are the total purchases in May