b Exercise 17-10 (Algo) Using departmental overhead rates and computing gross profit LO P2 Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Assembly Finishing Budgeted Cost $365,000 22,000 Allocation Base Machine hours Direct labor hours Budgeted Usage. 7,300 machine hours 4,400 direct labor hours Additional production information for two models of its air conditioners follows. 4 inces Per unit Selling price Direct materials, Direct labor Units produced Model Al $ 530 Model T $ 560 165 215 155 225 Model A 400 2 M Model T 500 3 DLN 4 4 DLH Assembly machine hours per unit Finishing direct labor hours per unit 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. ck my work