Blue Furniture has identified activity centers to which overhead costs are assigned. The company's actual combined direct labor hours for chairs, cabinets, and tables (job batch #732) is 500 hours. The following data is available: Activity Centers Utilities Scheduling and Setup Material Handling Costs Activity Drivers P500,000 50,000 machine hours 480,000 800 setups 931,000 1,900,000 pounds of materials The company's estimated products and annual operating statistics are the following: B. Cabinets C Tables P180,000 A. Chairs P160,000 20,000 P140,000 15,000 Prime costs Machine hours 15,000 250 400 Number of setups Pounds of materials Number of units produced Direct labor hours 150 500,000 55,000 800,000 600,000 65,000 70,000 60,000 45,000 36,000 Provide the following: (2 items x 50 points) A. Compute for the pool rates and overhead cost allocated to each product of Blue Furniture. B. Using the allocated total overhead cost in the previous item, as the budgeted annual overhead, compute for the combined overhead cost applied to job #732. Show your solution using normal costing and illustrate the journal entry of the calculated overhead cost.