Kao Engines Inc. produces three products - pistons, valves, and cams-for the heavy equipment industry, Kao Engines' production process uses single plantwide factory overhesd rate based upon difect labor fours to allocate overhead to the three products. The three products for 20Y2 are as follows: The estimated direct labor rate is $25 per direct labor hour. Boginning and ending inventories are nepligible and are, thus, assumed to be zero. The budgeted factory overhead for Kao Engines is $377,600. If required, round all per unit answers to the nearest cent. o. Oetermine the plantwide factory overhead rate. per dith Determine the plantwide factory overhead rate. per dih b. Determine the factory overhead and direct labor cost per unit for each product. Fuedoan a. Fintcalculate Nont: b. Calculato: Fociory Ovectseed Cost per Unit = Rate from Req (ii) s Disct Labor tioues per Unit Direct Labor Colt per Unit = Dired Lobor Rate x Direct Libor Foure per Unit c. Use the information provided to construct a budgeted oross profit report by product line for the year ended December 31, 2012. Indude the gross profit as a percent of sales in the last line of your report, rounded to one decimat place