Please Tutor, provide answer of both question. Not only 1. I will upvote u if u provide both Questions (1 and 2) solutions

Question 1 a) XYZ Company serves valued clients only where the clients have complete trust on the company regarding pricing. Clients allow the company to make any adjustments to provisional prices that the company shares with the clients initially. XYZ Company applies actual costing for pricing. Write a note on over-applied or under-applied overhead for XYZ Company covering disposal of the same, if any. b) Monthly budgeted overhead costs and allocation base used in three departments of Apex Textile Ltd is given below: Overhead Costs ($) Departments Hours Wage rates ($) Fixed Variable Cutting 20,000 30,000 5,000 8 Dying 40,000 30,000 10,000 6 Finishing 30,000 50,000 4,000 5 General administrative overheads are expected to be $30,000 for the month. During December 2021, Apex completed Job AX1 with the following data: i Material costs $3,000 ii Actual labour hours used: Cutting - 20 hours, Dying - 40 hours, and Finishing - 10 hours Required: Based on the above data, you are required to: i Calculate the variable and fixed overhead absorption rates for each department ii Calculate the general administration overhead absorption rate in direct labour hours iii Calculate the selling price of the job if the profit is set at 25% margin Question 2 a) What do you understand by abnormal gain? How does abnormal gain affect the profitability? b) Del Co. Ltd. began the current period with 3,000 units, which were 30% complete. During the period, works on additional 57,000 units were started. Materials are added twice - 70% at the start of the process and remaining 30% when production is 40% completed. Labor is added when units are 60% complete and overhead costs are incurred uniformly. Units are inspected for rework when they are 50% complete. Rejected units are returned to 20% completion point for rework. Normal rework is 2% of the units inspected. Units are again inspected when they are 80% complete. Rejected units are thrown away as spoiled. Normal spoilage is 1% of the good units passing the inspection point. There were 62,000 units inspected for rework and 1,000 units were rejected as spoilage. Ending work in process consists of 8,000 units, 90% complete. Required: Based on the above scenario, compute equivalent units under both weighted average and FIFO methods in appropriate format. Question 1 a) XYZ Company serves valued clients only where the clients have complete trust on the company regarding pricing. Clients allow the company to make any adjustments to provisional prices that the company shares with the clients initially. XYZ Company applies actual costing for pricing. Write a note on over-applied or under-applied overhead for XYZ Company covering disposal of the same, if any. b) Monthly budgeted overhead costs and allocation base used in three departments of Apex Textile Ltd is given below: Overhead Costs ($) Departments Hours Wage rates ($) Fixed Variable Cutting 20,000 30,000 5,000 8 Dying 40,000 30,000 10,000 6 Finishing 30,000 50,000 4,000 5 General administrative overheads are expected to be $30,000 for the month. During December 2021, Apex completed Job AX1 with the following data: i Material costs $3,000 ii Actual labour hours used: Cutting - 20 hours, Dying - 40 hours, and Finishing - 10 hours Required: Based on the above data, you are required to: i Calculate the variable and fixed overhead absorption rates for each department ii Calculate the general administration overhead absorption rate in direct labour hours iii Calculate the selling price of the job if the profit is set at 25% margin Question 2 a) What do you understand by abnormal gain? How does abnormal gain affect the profitability? b) Del Co. Ltd. began the current period with 3,000 units, which were 30% complete. During the period, works on additional 57,000 units were started. Materials are added twice - 70% at the start of the process and remaining 30% when production is 40% completed. Labor is added when units are 60% complete and overhead costs are incurred uniformly. Units are inspected for rework when they are 50% complete. Rejected units are returned to 20% completion point for rework. Normal rework is 2% of the units inspected. Units are again inspected when they are 80% complete. Rejected units are thrown away as spoiled. Normal spoilage is 1% of the good units passing the inspection point. There were 62,000 units inspected for rework and 1,000 units were rejected as spoilage. Ending work in process consists of 8,000 units, 90% complete. Required: Based on the above scenario, compute equivalent units under both weighted average and FIFO methods in appropriate format