Big Bob's Old Fashioned Furmiture produces two products in the same manuficturing facility. The company has two cost pools - materials handling overhead (MHOH) and production overhead ( POH). Company management has decided to use the number of pieces of wood used as the allocation base for MHOH and direct labor hours to allocate POH. Big Bob's makes pedestal tables and chairs. The facts for each items produced are given below. 1. If materials overhead is allocated based on the total number of pieces of wood, what is the predetermined overhead application rate per piece of wood for materials handling overhead? 2. If production overhead is allocated based on the total number of labor hours, what is the predetermined overhead application rate per labor hour for production overhead? 3. What is the cost to produce a table? 4. What is the cost to produce a chair