ABC Manufacturing, Inc. produces three gadgets (Ace, Best, and Champ) in two departments, Machining and Assembly. Each product requires one hour of direct labor for completion. The following table provides production and cost data for the year. Number of units Machine hours Ace 25,000 2,500 Best 15,000 1,500 Champ 5,000 2,000 Total 45,000 6,000 Direct materials $1,000,000 $450,000 $275,000 $1,725,000 75,000 675,000 Direct labor Overhead 375,000 225,000 Machining Assembly Total overhead 900,000 450,000 1350,000 Total costs $3,750,000 Required: 1. Plant-wide Allocation Method Use the plantwide allocation method to determine the unit cost for each product using the following allocation bases. a. Machine hours b. Direct labor costs 2. Department Allocation Method Considering the nature of the production processes, the cost accountant of ABC Manufacturing decided to experiment with the department-specific allocation approach and determined that the Machining Department can use machine hours as the allocation base for overhead assignment while the Assembly Department can use direct labor costs instead. Thus, use the department allocation method to determine the unit cost for each product