ABC Company applies overhead based upon machine hours, Budgeted factory overhead was $800,000 and bude sed labor hours were 50,000 and budgeted machine hours were 40,000. Actual factory Overhead was $ 850,000 and actual labor hours were 30,000 and actual machines hours were 30,000. Before disposition of over on under applied overhead, the cost of goods sold ending inventories were as follows: Charol counts Cost of Goods Sold 600,000 1300,000 Finished Goods 1000 Required: a. Calculate the Predermined Over Head Rate b. Prepare calculation to dispose of the over under applied overhaling the proportion approach TTT A 11361) T. . . . 2