Problem 1 Part A: One overhead activity is identified as Purchasing. The cost driver is pounds of material.E over activity rate (or POHR) for Purchasing. Part B: fo r this activity is $120,0Che estimated pounds of material is 10,000. One overhead activity is identified as Quality Control. The cost driver is number of inspections. Estimated overhead for this activity is $60,000 and the estimated number of inspections is 300. Calculate the activity rate (or POHR) for Quality Control. Part C: One overhead activity is identified as Machinery. The cost driver is number of machine hours used. Estimated overhead for this activity is $200,000 and the estimated number of machine hours is 20,000. Calculate the activity rate (or POHR) for Machinery. Part D: Using the rates calculated in the questions above for Purchasing, Quality Control, and Machinery, assign overhead to Product J which used 500 lbs of material, 1 inspection, and 750 machine hours (SHOW YOUR WORK)