Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Walton Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Walton expects to incur $625,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Required Vogue Beauty Glamour Total 5,400 7,400 12,200 25,000 1,500 1,400 2,100 5,000 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.