Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Benson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Benson expects to incur $420,000 of overhead cost during the next scal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 2,400 4,400 7,200 14,000 Machine hours 1,400 1,400 2,800 5,600 l Required 3. 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. Required B > Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for ea Product Allocation Rate X Weight of Base = Allocated Cost Vogue X $ 0 Beauty X 0 Glamour X S 0 Total $ 0