Please answer the following questions from the attachement :

please answer if you are only 100% sure the answer is right

Answers should be answered within 75 minutes MAX

It can be hand written as long as it is clear.

you can submit if you have answers ready earlier

1 )The following data is provided for the XYZ Corp.

Budgeted overhead for the year is $300,000

Projected Direct labor cost for the year - $100,000

Estimated machine hours for the year - 20,000

Estimated direct labor hours for the year - 20,000

Overhead is applied to product based on direct labor costs

During the month of June the company incurred 3000 labor hours, used 2500 machine hours and incurred

$20,000 of labor costs and $55,0000 of overhead cost.

Calculate:

a- The overhead rate

b. - The amount of overhead applied in June

c. - The over or under applied overhead for june and explain what it means

2) 10% - XYZ corporation plans to produce the following amounts : June 30,000 units, July 40,000 units

To produce one unit , three pounds of materials are needed. The company has a policy of keeping a level of

ending inventory at 20% of the next months production need of finished goods. Ending inventory of materials on May 31 is

18,000 pounds.

Prepare a material purchase budget in (units)