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Ahmad Company uses a job costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop the overhead allocation rate. The following data are available for the latest accounting period: Estimated fixed factory overhead cost Estimated machine-hours Actual fixed factory overhead cost incurred Actual machine-hours used $200,000 140,000 $220,000 160,000 Jobs worked on: Job No. Machine Hours Used 1060 12,000 a. Compute the overhead allocation rate. b. find the overhead allocated for the job #1060 c. Determine total over or under applied overhead at the end of the year 1