This is question #4. I need the answers showing step by step everything and as clear and concise on the whole thing and what the final answer/solution is for each one is. I'll need to put this on a Word Document, so please make sure it fits the criteria so I can put all the steps and the solution onto a Word Document. No Excel Tables or any tables, no graphs. All in written form so I can copy and paste. Please do it as fast as you can, and would greatly appreciate it. Thank you so much, Yaakov V. Question #4. 12% of total grade The following data is provided for the ABC company: Budgeted overhead for the year is $400,000 Projected direct labor cost for the year - $100,000 Estimated machine hours for the year -20,000 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 $30,000 of labor costs and $75,000 of overhead costs. Calculate: A, 4% The overhead rate B 4% The amount of overhead applied in June C 4% The over or underapplied overhead for June and explain what it means