(i) (Click the icon to view the job information.) Read the requirements. Requirement 4. If Farmer's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? Use the following table to calculate the amount of manufacturing overhead that would be allocated to the jabs if the departmental overhead rales are used. (Round your answers to the nearest whole dollar.) Get more help . Read the requirements. Firat identity the formula, then calculate the amount of manutactuing overhead that would be allocated to the jobs if the plantaide overhead rate is used. (Round your answers to the nearest whole dollar.) Requirement 4. If Farmer's uses departmenta overtead rates, how much manutacturing overhoad would be allocated to sob 450 are pob 455 ? First identify the formula, then compute the rate for each department. (Round your answers to the nearest whole dollar.) More info Irrerarmer s piant compreted jobs 450 ariu 450 on iviay 15.006 jous incurred a total of 5DL hours throughout the entire production process. Job 450 incurred 3MH in the Machining Department and 4DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 7MH in the Machining Department and 3DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). Requirements 1. Compute the plantwide overhead rate assuming that Farmer's expects to incur 31,250 total DL hours during the year. 2. Compute departmental overhead rates assuming that Farmer's expects to incur 15,400MH in the Machining Department and 16,000 DL hours in the Finishing Department during the year. 3. If Farme's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? 4. If Farmer's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? 5. Based on your answers to Requirements 3 and 4 , does the plantwide overhead rate overcost or undercost either job? Explain. If Farmer's sells its furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain