Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Zachary Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Zachary expects to incur $648,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Vogue 5,600 1,600 Beauty Glamour Total 7,600 10,800 24,000 1,400 1,050 4,050 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 Vogue Beauty Glamour Total Allocation Rate x Weight of Base - Allocated Cost $ 0 0 0 $ 0 Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Zachary Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Zachary expects to incur $648,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Vogue 5,600 1,600 Beauty Glamour 7,600 10,800 1,400 1,050 Total 24,000 4,050 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 machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product Allocation Rate x Weight of Base x Allocated Cost $ 0 Product Vogue Beauty Glamour Total X 0 X 0 $ 0 DO