First Bank is considering either a bankwide overhead rate or departmental overhead rates to allocate $500.000 of indirect costs. The bank wide rate would be e de labor hours. The departmental rates would be based on a dual rate based on direct labor time and the number of loans procesed for commercial Lom The following : Direct Department Labor Hours Direct Coats Consumer Commercial 8,000 12,000 Loans Precessed 200 800 $300,000 $400,000 If Driscoll uses a bankwide rate based on the number of loans processed, what would be the indirect costs assigned to the Consumer Department? 5.300,000 $500.000 $400,000 $100,000 First Bank is considerung either a bankwide overhead rate or departmental overhead rates to allocate $500,000 of indirect costs. The bank widerne would be be on direct labor hours. The departmental rates would be based on a dual rate based on direct labor time and the number of loan processed for Commercial Loom The following information was thered for the upcoming period Direct Department Labor Hours Direct Cost Consumer Commercial 8.000 12.000 Loans Processed 200 800 $300,000 $400,000 IF Driscoll uses a bankwide rate (rounded to the nearest hundredth) based on direct labor time, what would be the indirect costs allocated to the Consumer Department? 5300.000 $500,000 O $400.000 $200,000