Akita Chip Company produces wafers for semicon manufacturing to be sent to overseas companies. They use a budgeted overhead rate in applying overhead to production order on a machine hour basis for Wafer Fab Department and on a labor-cost basis for Packaging Department. At the beginning of the year 2021, the company made the following Cost Planning: Required: (a) What is the budgeted overhead rate that should be used in the Wafer Fab and the Packaging Departments? What is the total overhead cost applied to Akita Chip Company? Pesos (c) Assuming that Akita Wafers consisted of 3000 units of product for July, what is the total costs and unit cost of Akita Wafers? Total Costs Unit Costs PESO/UNIT; 2 decimal places (d) At the end of the year, it was found that actual factory overhead costs amounted to P650,000 for the Wafer Fab Department and P250,000 for the Packaging Department. Suppose that actual machines hours was 4,800 in the Wafer Fab Department and the actual direct labor cost were P600,000 in the Packaging Department, compute the overapplied or underapplied overhead for the company as a whole, as well as the Wafer Fab and Packaging Departments. Write underapplied OH or overapplied OH after the number answer. For the total factory e) If the unit cost of Wafers is 1300 pesos and the Sales for the year is 36,000 wafers, How much is the Gross Profit for the year if the overapplied/underapplied overhead is prorated to COGS? COGS for the year is 38,000,000 pesos. No decimal places. PESOS What is the Gross Margin Profitability Ratio? percentage form; 2 decimal places