need solution for part 1

Question 3 Lotus Ltd has identified the following overhead costs and cost drivers for next year Overhead Items Setups cost Ordering Cost Maintenance cost Power Cost Driver Number of setups Number of orders Machine Hours Budgeted cost 50,000 60,000 65,000 50,000 Estimated activity 1800 3,500 1800 The following is one of the jobs completed during the year Job A $7000 15 350 540 Direct materials Hourly rate Units completed DLH Activities Number of setups Number of orders Machine hours 10 20 650 Actual overhead $9,500 The company uses Direct Labour Hours as the unit level cost driver The estimated direct labour hours are 13,500 hours. QUIRED t1 1. Calculate the predetermined rate for the plant using FBC based on direct labour hours for the job 2. Calculate total product cost using FBC based on Machine hours for each job 3. Calculate the unit cost for each Product 4. If the company has a mark up of 25%, what will be the selling price? 5. Is the overhead over-applied or under-applied? How will you adjust Cost of goods sold