Huey Peters produces mathematical and financial calculators. Data related to the two products follow. B! (Click the icon to view the data.) (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 Direct labour hours Indirect cost Indirect cost rate Product quantity of allocation base Total units produced Data Mathematical Financial $ 100,000 300,000 200,000 $ Annual production in units Direct materials costs Direct manufacturing labour cost Direct manufacturing labour-hours Machine-hours Number of production runs Inspection hours 50,000 150,000 $ 100,000 $ 2,000 25,000 40 4,000 40.000 40 800 400 i Additional information - X Both products pass through Department 1 and Department 2. The departments' combined manufacturing overhead costs are as follows: Total 5 325.000 Machining costs Setup costs Inspection costs 96,000 84.000 Print Done