3. You have been hired by Thompson Waterfall Manufacturing. Your first task is examine different distribution methods for applying factory overhead to the various production orders that are processed during a year. The following information was taken from the annual budget: Direct labor hours Machine hours Manufacturing costs: Direct labor Direct materials Indirect labor Electric power Payroll taxes Machine maintenance and repair a. Factory supplies Factory heat and light Depreciation, taxes, and insurance: Factory buildings Machinery (1) Direct labor cost (2) Direct labor hours 80,000 160,000 (3) Machine hours $400,000 190,000 Determine the following factory overhead application rates under each of the following methods: 65,000 46,000 12,800 10, 200 17,000 15,000 124,000 310,000 $1,190,000