Fame's Fine Fumishings manustactures upaca le custom furniture. Farmer's currently uses a plantvide overhead rate based on direct labor hours to allocate its $1,000,000 of manufacturing overhead to individual jobs. However, Debble Gillo, owner and CEO, is considering retining the company's costing system by using departmental overhead rates. Currently, the Machining Department incurs 5650,000 of manutacturing overhead while the Finishing Department incurs $340,000 of manufacturing overhead. Gilla has identified machine houra (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department i Click the icon to view the job information.) Read the requirements Requirement 1. Compute the plant de overhead rate assuming Mat Farmer's expects to Incur 20,000 total DL hours during the year. First Identity the formula, then compute the rate (Round your answer to the nearest whale dollar - X Requirements Plantvide overhead rate More Info 1. Compute the plantvide overhead rate assuming that Farmer's expects to incur 20,000 total DL hours during the year. 2. Corripule parimchilalovcrticaid ralus assuring thal Farmer's expects lo ingur 15,000 MH in the Machining Department and 17.000 DL hours in the Finishing Department curing theycal. 3. It Farmer's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 466? 4. If Farmer's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 150 and Job 166? 6. Based on your answers to Requirements 3 and 4, does the plantwide overhead rale uvercost u undercost cilher job? Explain. ir Farmer's sells ils furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain The Farmer's plant complcted Jobs 450 and 455 on May 15. Boli jobs incurred a loll of 5 DL hours Throughout the online production process. Jcb 450 incurred 3 MH in the Machining Department and 4 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 4 MH in the Machining Department and 3 DL hours in the Finishing Department (the other two Dl hours occurred in the Machining Department Print Done Print Done