Exam 2 Part 2 (Req) Single plantwide Factory Overhead Rate Spotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream-in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $234,600. The three products consume both machine hours and direct labor hours in the two production departments as follows Direct Labor Hours Machine Hours Blending Department Whole milk Skim milk 210 620 230 550 Cream 180 220 620 1.400 Packing Department Whole milk Skim milk 250 340 420 400 110 Cream 140 760 900 Total 1,380 2.300 Jota 1. 2 Required: 1. Determine the single plantwide factory overhead rate, using esch of the following allocation bases (a) direct labor hours and (b) machine hours. If required, round all amounts to the nearest dollar, a. Direct labor overhead rate per direct labor hour b. Machine hour overhead rate per machine hour 2. Determine the product factory overhead costs, using (a) the direct labier hour plantwide Factory averhead rate and (b) the machine hour plantwide factory overhead rate. Whole Milk Skim Milk Cream Direct Iabor hours Machine hours