Exercise 4-5A Allocating overhead cost among products LO 4-3 Solomon Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Solomon expects to incur $640,000 of overhead cost during the next fiscal year. Other budget information follows: Direct labor hours. Machine hours Vogue Beauty Glamour Total 4,600 6,600 4,800 16,000 1,200 2,300 2,900 6,400 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. Allocated Cost Product Allocation Rate x Weight of Base Vogue Beauty Glamour Total X X x < Required A Required B >