Baird Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Baird expects to incur $$280,000$ of overhead cost during the next fiscal year. Other budget information follows.

Required

a$.$ Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product.

b$.$ Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product.