0000 000 0000 000 The rm's management expects to operate at a level of 20 000 direct labour hours in each production department during the current year. Page 33? Required: 1. Show how the company's predetermined overhead rate was determined. 2. Ifthe rm prices each model MFP at 10 per cent over its cost, what will be the price of each model? 3. Suppose the company were to use predetermined departmental overhead rates. Calculate the rate for each of the two production departments. 4. Calculate the product cost of each model, using the departmental overhead rates calculated in requirement 3. 5. Calculate the price to be charged for each model, assuming the company continues to price each product at 10 per cent above cost. Use the revised product costs calculated in requirement 4