Davis, Managerial Accounting, 2e MANAGERIAL ACC (Acctg 2 CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEX Problem 4-25 Frameworks Artisans creates hand-painted picture frames. The frames are cast from resin in an automated process. Once the casting is done, talented artisans hand-paint one of fifteen designs on each frame. In the final assembly process, a worker inserts the glass pane and attaches the backing to the frame. Frameworks' budget for the current year, along with the production requirements for two of the frames it produces, are as follows: Department Direct labor hours Machine hours Manufacturing overhead Casting Painting Assembly 12,100 652 62,900 29,500 $253,000 $290,000 $48,000 cost Seasons of Fun Frame Department Casting Painting Assembly 0.5 Direct labor hours Machlne hours 0.05 Birth Announcement Frame Department Casting Painting Assembly Direct labor hours Machine hours 0.2 0.05 0.5 Assume that Frameworks Artisans uses a slngle predetermined overhead applcatlon rate based on dlrect labor hours. Calculate the rate for the current year. (Round overhead rate to 2 decimal places, e.g. 3.54.) Predetermined overhead rate direct labor hour LINK TO TEXT Using the rate you calculated in part (a) and the production requirements given, calculate the amount of overhead applied to a seasons of Fun ame and a Birth Announcement frame. (Round overhead rates to 2 decimal places, e.g. 3.54.) Seasons of Fun Birth Announcement Overhead per frame LINK TO TEX