please explain and show your work.

1. (2 points) Mackenzie Consulting computes the cost of each consulting engagement by adding a portion of firmwide overhead cost to the labor cost of the consultants on the engagement. The overhead costs are assigned to each consulting engagement using a overhead allocation rate based on consultant labor costs. Mackenzie Consulting's overhead costs are $5 million per year, and total consultant labor cost is estimated at $2.5 million per year. a) What is Mackenzie Consulting overhead allocation rate? (1 point) b) If the consultant labor cost on an engagement is $25,000, what cost will Mackenzie consulting compute as the total cost of the consulting engagement? (1 point) 2. (1 point) Bearcats Inc, produces toy bearcats out of polyester. The company has 1,500 pounds of polyester on hand. It takes 2 pounds of polyester to make one bearcat. The company needs to make 3,000 bearcats in January and requires 1,000 pounds of polyester in Ending Inventory at the end of the period. How much polyester should the company buy