Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 7 Gibson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Gibson expects to Incur $666.000 of overhead cost during the next fiscal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 3,400 5,400 9,200 18.000 Machine hours 1,200 2,050 2,300 5,550 13.29 points 8 01:27:02 References Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product Complete this question by entering your answers in the tabs below. Required A Required B Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Product Allocation Rate * Weight of Base - Allocated Cost Vogue 0 Beauty Glamour 0 Total 0 $ 0 RA Required 8 > Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 7 Gibson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour Gibson expects to incur $666,000 of overhead cost during the next fiscal year. Other budget Information follows 13 29 points Direct labor hours Machine hours Vogue Beauty Glamour Total 3,400 5,400 9,200 18,000 1,200 2,050 2.300 5,550 8012637 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. References Complete this question by entering your answers in the tabs below. Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Allocation Rate * Weight of Base Allocated Cost x $ Product Vogue Beauty Glamour Total OOOO $