Banning Company expects to incur $450,000 in manufacturing overhead costs during 2012. Other budget information follows: Department B 2000 Department A Department C 8,000 Direct labor hours 10,000 Machine hours 3,000 7,000 Required 1) Use direct lab or hours as the co st driver to compute the allocation rate. Determine the amount of budgeted overhead cost for each department. 2) Use machine hours as the cost driver to compute the allocation. Determine the amount of budgeted overhead cost for each department. 3) Assume that Department A manufactured a product that required 150 direct labor hours and 85 machine hours, If overhead is allocated based on direct la 4) Assume that Department A manufactured a product that required 150 direct labor hours and 85 machine hours If overhead