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ABC Company uses budgeted overhead rates to apply

ABC Company uses budgeted overhead rates to apply overhead to individual jobs It uses a system based on direct labor hours Last year, the company made the following estimates for this yearDirect labor costs $12,600,000Factory overhead costs $3,060,000Direct Labor Hours $600,000Machine Hours $450,000(a) What is the budgeted overhead rate for the company? (Show your work)(b) If Job #34199 had the costs listed below, what would be the total cost of Job #34199? (Show your work)Material costs were $100,000;Direct labor costs were $140,000;Direct labor hours were 12,000; andMachine hours were 15,000Please show all of your calculations

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