2 Calculate the budgeted cost of each product line (Padfolios vs. Business Cards) based on departmental overhead rates, where: (a) Forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department, and (b) Assembly department overhead costs are allocated based on total direct costs of the assembly department. (Direct costs should be traced to the products as identified above. Indirect costs should be allocated to the products based on two overhead allocation rates -- one for each department.) Budgeted Overhead Rate OH Pool Description OH Pool Amount Alloc Base Amount Allocation Rate Alloc Base Description OH Rate 1 OH Rate 2 Total Costs Assigned Total Direct Costs Total Overhead Costs Total Manufacturing Costs