This is question #4. I need the answers showing step by step everything and as clear and concise on the whole thing and what the final answer is for each one is. I'll need to put this on a Word Document, so please make sure it fits the criteria so I can put all the steps and the solution onto a Word Document. Please do it as fast as you can, and would greatly appreciate it. Thank you so much, Yaakov V. Question #4. 12% of total grade The following data is provided for the ABC company Budgeted overhead for the year is $300,000. Projected direct labor cost for the year - $100,000. Estimated machine hours for the year -20,000. Estimated direct labor hours for the year - 20,000. Overhead is applied to product based on direct labor costs. During the month of June the company incurred 3000 labor hours, used 2500 machine hours and incurred $30,000 of labor costs and $75,000 of overhead costs. Calculate A) 4% The overhead rate B) 4% The amount of overhead applied in June C) 4% The over or underapplied overhead for June and explain what it means