Falcon Crest Corporation manufactures two brands of wine: Regular and Extra Rich Below is the current year production data for the company: Regular Extra Rich Direct material in pounds Direct labor hours Machine hours Number of setups Number of gallons produced 225,000 45,000 36,000 1,450 450,000 110,000 65,000 24,000 2,375 90,000 The 335,000 pounds of material had a total cost of $753,750. Direct labor is $21 per hour The company has total overhead production costs of $2,212,125. a. If Falcon Crest Corporation applies factory overhead using direct labor hours, compute the total production cost and the unit cost for each brand b. If Falcon Crest Corporation applies factory overhead using machine hours, compute the total production cost and the unit cost for each brand c. Assume that Falcon Crest Corporation has established the following activity centers, cost drivers, and costs to apply factory overhead Volume Cost $450,000 Cost Pool Cost Driver # of machine hours 60,000 Equipment Maintenance Production Setup Material Handling Storage Costs # of setups Pounds of Materials #of, gallons produced $248,625 $703,500 $810.000 3,825 335,000 540.000 Compute the total cost and the unit cost for each brand d. Explain why the unit cost for each model is different across the three methods of overhead application. How can this information benefit the organization