3) The total factory overhead for XYZ Company is budgeted for the year at $300,000, divided into 2 departments: Cutting, $100,000 and Sewing, $200,000. XYZ Company manufactures two types of products. T-shirts and Sweatshirts. The T-shirts require 0.05 direct labor hour in Cutting and 0.1 hour in Sewing. The Sweatshirts require 0.08 direct labor hour in Cutting and 0.12 direct labor hour in Sewing. Each product is budgeted for 25,000 units of production for the year. (10 points) Instructions: a) Calculate the total number of budgeted direct labor hours for the year in each department. b) Calculate the departmental factory overhead rates for both departments. c) Calculate the factory overhead allocated per unit for each product using the department factory overhead allocation rates