Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated overhead i $375,000 $60,000 $435,000 Direct labor hours (expected and actual): Form A 1,000 Form B 4,000 Total 5,000 Machine hours: Form A Form B Total (iii lii 3,400 3,000 6,400 2,000 3,600 10,000 5,000 6,000 15,000 19,000 20,000. 25,000 1,600 5,000 5,000 Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There ar 20,000 units of Form A produced and sold and 50,000 of Form B Required: 1. Calculate the overhead rates for each department. Molding Polishing per machine hour per direct labor hour 2. Using departmental rates, assign overhead to the two products and calculate the overhead cost per unit. Round your answers to the nearest cent. Assigned unit overhead cost for Form A Check My Work 1 more Check My Work uses remaining Unit Overhead Cost per unit