A manufacturer has the following budgeted data for its two production departments: Budgeted Data Assembly Finishing Overhead cost $ 2,400,000 $ 1,600,000 Direct labor hours 24,000 direct labor hours 8,000 machine hours 40,000 direct labor hours Machine hours 32,000 machine hours The Assembly department overhead rate using direct labor hours is $167 per direct labor hour. True or False True False