CoursHeroTranscribedText: Blue Furniture Blue Furniture has identied activitI,r centers to 1ill-hich overhead cosE are assigned. The company's actual combined direct labor hours for chairs, cabinets, and tables [job batch #32} is 500 hours. The following data is available: Actlvltv centers Utilities Sch eduling an d Setup Material Handling Costs Acdvltv Drlvers P500000 50.000 machine hours 400.000 000 setu ps 031.000 1,900,000 pounds of materials The oompanv's estimated products and annual operating statistics are the following: it. chairs B. Cabinets 0. Tables Prime cosE PlDJDDD P1441000 P1305000 Machine hours 20000 151000 151000 Number of setups 150 250 400 Pounds of materials 500.000 500.000 300,000 Number of units produced 55000 53000 3'05000 Direct labor hours 45300 SEJDBD Ei-J Provide the following: [2 items I 50 points} .3" Compute for the pool rates and overhead cost allocated to each product of Blue Furniture. P" Using the allocated total overhead cost in the previous item. as the budgeted annual overhead, compute for the combined overhead cost applied to job #332. Show your solution using normal costing and illustrate the journal entnr of the calculated overhead cost