2. Departmental Rates Nabors Company gathers the following departmental data for a second year. Two types of stereo units are produced: deluxe and regular. Budgeted overhead Expected and actual usage (direct labor hours): Deluxe Regular Expected and actual usage (machine hours): Deluxe Regular Fabrication $120,000 Units produced Prime costs 3,000 3,000 6,000 Fabrication 2,000 18,000 20,000 Assembly $60,000 Deluxe 5,000 $40,000 2,000 43,000 45,000 Assembly In addition to the departmental data, the following information is provided: Regular 5,000 5,000 10,000 50,000 $300,000 Required 1. Calculate departmental overhead rates, using machine hours for fabrication and direct labor hours for assembly. 2. Calculate the applied overhead by department. 3. Calculate the applied overhead by product. 4. Calculate unit costs.