Huey Peters produces mathematical and financial calculators. Data related to the two products follow. (Click the icon to view the data.) i (Click the icon to view the additional information.) Required 1. Compute the manufacturing overhead cost for each product. 2. Compute the manufacturing cost for each product. Requirement 1. Compute the manufacturing overhead cost per unit for each product. Determine the formula to calculate the overhead allocated to each product. Overhead allocated = to product i Data DV all Mathematical Financial 0 100.000 Annual production in units Direct materials costs 50,000 150,000 $ $ 300.000 $ 100,000 $ 2,000 Direct manufacturing labour cost Direct manufacturing labour-hours Machine-hours Number of production runs Inspection hours 200,000 4.000 40.000 25,000 40 40 800 400 Print Done uring cost for each product. equirem x etermine Additional information - X Dverhead allocated b product Both products pass through Department 1 and Department 2. The departments' combined manufacturing overhead costs are as follows: Total $ Machining costs Setup costs Inspection costs 325,000 96,000 84.000 ho Print Done