Direct Method and Overhead Rates Jasmine Company manufactures both pesticide and liquid fertilizer, with each product manufactured in separate departments. The support departments support the production departments: Power, General Factor and Purchasing. Budgeted data on the five departments are as follows: Support Departments Producing Departments General Liquid Power Factory Purchasing Pesticide Fertilizer Overhead $80,000 $314,000 $165,000 $78,800 $107,700 Square feet 1,500 1,500 4,200 4,800 Machine hours 1.403 1,345 24,000 8.000 Purchase orders 20 40 2 120 60 The company does not break overhead into feed and variable components. The bases for allocation are machine hos general factory-quare feet and purchasing-purchase orders Required: 1. Allocate the overhead costs to the producing departments using the direct method. If required, round your location ratios to four decimal places and round allocated costs to the nearest dollar and use the rounded values for the subsequent calculations Cost assignment Pesticide Liquid Fertilizer Direct costs Power General Factory Purchasing Pesticide Fertilizer Overhead $80,000 $314,000 $165,000 $78,800 $107,700 Square feet 1,500 1,500 4,200 4,800 Machine hours 1,403 1,345 24,000 8,000 Purchase orders 20 40 7 120 60 The company does not break overhead into foxed and variable components. The bases for allocation are power-machine hours, general factory-square feet; and purchasing-purch Required: 1. Allocate the overhead costs to the producing departments using the direct method. If required, round your allocation ratios to four decimal places and round allocated costs to the values for the subsequent calculations Cost assignment: Pesticide Liquid Fertilizer Direct costs Power General Factory Purchasing Total 2. Using machine hours, compute departmental overhead rates. (Round the overhead rates to the nearest cent.) Departmental overhead rates per machine hour Pesticide Liquid Fertilizer per machine hour