The Myriad Corporation estimates the following for the next period: Factory Overhead K250,000 Units of production 50,000 Materials cost of units produced......................K500,000 Production requires 50,000 labour hours at an estimated direct labour cost of K100,000. The machine is estimated to run about 40,000 hours. Required Determine the following overhead rate to be used in applying factory overhead to production on each of the following bases: 1) Units of production 2) Direct labour cost 3) Estimated materials cost 4) Direct labour hours 5) Machine hours (5 Marks) (5 Marks) (5 Marks) (5 Marks) (5 Marks) Total=25 Marks