answer this please. will leave good reviews at the end. thanks !

Part A: Calculating Allocation Rates and Job Cost (5 marks) World Engines Ltd. Manufactures custom engines for use in the lawn and garden industry. The company allocated manufacturing overhead based on machine hours. The following data has been provided: ia. What is the budgeted allocation rate? ( 1 mark) b. What does the budgeted allocation rate mean? As in, what does the number you've calculated in cell B12 mean? How could you explain this to management (who is not Gwonkiar with accountine)? (I mark) b. What does the budgeted allocation rate mean? As in, what does the number you've calculated in cell B12 mean? How could you explain this to management (who is not familiar with accounting)? (1 mark) c. Refer to the original data. How much overhead was allocated throughout the year using normal costing? ( 1 mark) \begin{tabular}{|l|l|} \hline d. Was overhead over or under allocated for the year? (1 \\ mark) \end{tabular} e. How much was overhead over or under allocated? (1 mark) Part B: Accounting for Over/Under Allocated Overhead (Independent from Part A) (5 marks) Moira Company has just finished its first year of operations and must decide which method to use for adjusting cost of goods sold. The company used a budgeted indirect-cost rate for its manufacturing operations. The amount that was allocated to cost of goods sold was different from the actual amount incurred. These company Required: Prepare the jeurnal entry to dispose of the under or over allocated overhead using the proration apgraach hased on ending accoust balances. If an account is not affected, please relect N/A. Note You thiy use the oxange: cells ta complete calculatiots but no matice will be awatiod in thele celar. Yoo malt Eli cut tixt yournal entry Part C: Compare and contrast normal and actual costing. How could you explain the advantagesdisadvantages of each to managerneat (a non-accountant)