Exercise 4-6 (Algo) Computing departmental overhead rates LO P2 Hydro Sports budgets overhead cost of $621,000 for the year; of this amount. $405,000 is traceable to the Assembly department and $216,000 is traceable to the Finishing department. The company manufactures two types ofjet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Budgeted direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. The company budgets production of180 units ofthe standard model and 180 units ofthe deluxe model for the year. 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute each department's total number of budgeted direct labor hours for the year. Exercise 46 (Algo) Computing departmental overhead rates L0 P2 Hydro Sports budgets overhead cost of $621,000 for the year; of this amount, $405,000 is traceable to the Assembly department and $216,000 is traceable to the Finishing department. The company manufactures two types ofjet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Budgeted direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. The company budgets production of180 units ofthe standard model and 180 units ofthe deluxe model for the year. 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. Complete this question by entering your answers In the tabs below. Requiredl Required3 Compute departmental overhead rates for each department using direct labor hours for that department. Exercise 4-6 (Algo) Computing departmental overhead rates LO P2 Hydro Sports budgets overhead cost of $621,000 for the year; of this amount, $405,000 is traceable to the Assembly department and $216,000 is traceable to the Finishing department. The company manufactures two types ofjet skis: standard and deluxe. Budgeted direct labor hours for the standard mode! are 7 in Assembiy and 1 in Finishing. Budgeted direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. The company budgets production of180 units ofthe standard model and 180 units ofthe deluxe model for the year. 1. Compute each department's totai number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 8 in Assembly and 3 in Finishing. Assembly ____ _____ _____