4 Hydro Sports budgets overhead cost of $650,000 for the year; of this amount, $416,000 is traceable to the Assembly department and $234,000 is traceable to the Finishing department. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Budgeted direct labor hours for the deluxe model are 9 in Assembly and 2 in Finishing. The company budgets production of 260 units of the standard model and 260 units of the deluxe model for the year. 3 points eBook 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 9 in Assembly and 2 in Finishing. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute departmental overhead rates for each department using direct labor hours for that department. Compute a departmental overhead rate for the Assembly department. Departmental OH rate Budgeted overhead cost $ 416,000 per direct labor hour Budgeted direct labor hours 4,160 Compute a departmental overhead rate for the Finishing department. Departmental OH rate Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 9 in Assembly and 2 in Finishing. Standard Deluxe Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $ 0 $ 0