BLP, Inc. manufactures two high quality tents, a Standard model and a Deluxe model. There are two departments through which manufacturing of the tents is accomplished, (1) Molding and (2) Assembly and Packaging. The following provides more details about this business for 2022: Standard Deluxe Units produced and sold 20,000 10,000 Sales price per unit $150 $200 Direct labor hours Molding 10,000 5,000 Direct labor hours - 20,000 10,000 Assembly and Packaging Machine hours - Molding 12,000 10,000 Direct labor rate $20/DLH $20/DLH DM cost $40/unit $60/unit Molding Manufacturing overhead $787,500 Assembly and Packaging $562,500 costs (all currently assumed to be fixed) Total selling and administrative expenses are $1,200,000. 1) The company currently uses a plantwide approach to allocate total manufacturing overhead to each of the two products based on actual total direct labor hours used. Given this, a) Calculate a plantwide overhead rate. b) Calculate the amount of manufacturing overhead that should be allocated to (i) Standard and (ii) Deluxe tents 2) Calculate the number of direct labor hours (DLH) that are required per unit for a) Standard tents b) Deluxe tents 3) Calculate the product cost per unit for a) Standard tents b) Deluxe tents 4) Calculate total manufacturing cost (i.e., COGS) for a) Standard tents sold b) Deluxe tents sold