5.Company manufactures two products (M and N). The overhead costs ($82,000) have been divided into four cost pools that use the following activity drivers: Number of Number of Number of Labor Setups Transactions Hours Labor Product 30 50 40 60 60 90 2,000 500 Cost per pool 9,000 $30,000 S24,000 $19,000 Additionally,incurred the following amounts of direct materials and direct labor on products M and N Total Direct materials Direct labor $45,000 $85,000 60,000 $65,000 $145,000 $40,000 25,000 Total $80,000 Required: a. Determine the single plantwide factory overhead rate using direct labor hours as the allocation base b. Determine the total overhead costs assigned individually to products M and N using the single plantwide factory overhead rate determined in part (a) above. Determine the activity rate for each activity. found in part c. Determine the total product costs assigned to products M and N using the activity rates found in c. d. Determine the total activity (overhead) costs assigned products M and N using the activity rates e. part c