please complete questions 1-2. Thank you!

P 2- B Applying Overhead with Various Cost Drivers Estimated cost and operating data for three companies for the upcoming year are given below: Company 40,000 18,000 240,000 384,000 30,000 90,000 160,000 $ 270,000 Direct labor hours Machine hours Raw materials cost Manufacturing overhead cost 60,000 25,000 300,000 $ 432,000 Predetermined overhead rates are computed using the following cost drivers in the three companies: Overhead Rate Based on- Direct labor hours Machine hours Raw materials cost Company A Required: 1) Compute the predetermined overhead rate to be used at each company. 2) Assume that Company A works a total of 60,000 labor hours this year. How much will their overhead applied amount to? If actual costs are $430,000, for the year, will overhead be over or under applied? By how much