Can you please help me to solve these problems? So that I can compare your solution on mine too. Thank you!

Exercise 5-3. FACTORY OVERHEAD RATES Honesty Company prepared the following budgeted information for the coming year: Factory overhead costs P 720,000 Direct material costs P1,440,000 Units of production 120,0000 units Machine hours 400,000 hours Direct labor costs P 960,000 Direct labor hours 200,000 hours REQUIRED: 1 . Determine the applied overhead rates under each of the following bases. Round off percentages to one decimal point and rates to the nearest whole centavo. a. Direct materials costs b. Direct labor costs c. Units of production d. Direct labor hours e. Machine hours 2. Using each overhead rates mentioned above, compute the applied overhead and the total cost charges given the following related data for Job #555: direct materials costs - P13,500 direct labor costs - P7,800; units produced - 1,050 units; direct labor hours - 1,710 hours; and machine hours - 3,100 hours. Exercise 5-4. APPLIED FACTORY OVERHEAD During the month of July, the company worked on four orders, three of which were completed. Costs and other pertinent data in connection with these orders are: Job 701 Job 702 Job 703 Job 704 Direct materials P 30,000 P 52,500 P 45,300 P 22,600 Direct labor P 85, 100 P 58,400 P 42,500 P 28,600 Direct labor hours 50,000 45,000 15,000 12,000 There was no beginning work in process in July. The company applies factory overhead to production at the rate of 90% of direct labor cost. Actual overhead for the month amounted to P186,720. Jobs 701, 702, and 703 were completed. Jobs 701 and 702 were delivered and the customers billed in the amounts of P210,700 and P180,200 respectively. REQUIRED: Entries in general journal form to record: a. Actual overhead cost incurred b. Total applied overhead cost charged to production c. Cost of completed units (use three work in process accounts; show computation) d. Sale of completed units and Cost of sales e. Over- or underapplied factory overhead (Not closed out until the end of the year)