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Luboh P/L started selling batches of customised motherboards to customers and uses predetermined rates for fixed overhead, based on machine hours. The following data are available for 2020: Budgeted and actual fixed factory overhead cost Budgeted machine hours Actual machine hours used for allocation $16,575 8,500 9,000 The company received the following orders in 2020: Order Actual Number Hours Used 101 5,600 102 5,000 103 3,650 2,500 104 Required a) b) c) d) e) f) Calculate the estimated overhead allocation rate to be used for the year. Determine the overhead to be allocated to order number 101. Determine total overapplied or underapplied overhead at the end of the year Should cost of sales be increased or decreased at the end of the year? Why? If the amount of overapplied or underapplied overhead is material, how is it treated? Suppose order number 101 required a special chip to enhance the performance. 5% of this chip is expected to be not working properly and likely to cause short circuit. Should this loss caused by short circuit from the special chip be recorded to order number 101 or for all orders processed in this period? Explain your