2. Ford Company manufactures two products, Falcon and Mustang Ford's factory overhead costs for two departments are fabrication $5,500,000; and assembly, $2,300,000. Product specifications for the two products are: Falcon Mustang Direct labor hours 18,000 22,000 Machine hours 15,000 28,000 Number of parts 92,000 128,000 Calculate estimated Factory Overhead cost applied to Falcon and Mustang using the direct labor hours and number of parts activities combined (round to nearest $1). 3. Refer to the data in problem 2 above. Calculate estimated Factory Overhead cost applied to Falcon and Mustang using only the machine hours activity (round to nearest S1). 4. Serena Company manufactures two types of tennis racquets, Aluminum and Titanium. The company makes an estimated 9,600 units of the Aluminum model and 5,400 units of the Titanium model each year. The company inspects twenty percent of its Aluminum models and inspects thirty percent of its Titanium models. The company expects to incur $890,000 of total inspecting factory overhead cost this year. Calculate the total inspecting factory overhead cost that should be assigned to each type of racquet (Aluminum and Titanium) this year (round to nearest S1)