Respond to the following questions in your own words. Your responses should include specific examples and should incorporate concepts and terms from Chapters 7, 8, and 9 in your textbook. Discuss the three steps in the analysis of proposed estimated materials costs process.What are the characteristics of the three stages of allocating overhead costs?Outline the steps of the procedure for determining facilities costs of money.Writing RequirementsAPA format, 3–4 pages in length (excluding cover page, abstract, and reference list)Use the APA template attached complete the assignment. Textbook Reference:(Murphy)Murphy, J E., Jr. Guide to Contract Pricing, 5th Edition. Management Concepts Press NBN, 20090501. VitalBook file.