Kime Company manufactures and selis two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. The appliances are produced to order, and there are no inventories at the end of the year The cost accounting system at Kimo allocates overhead to products based on direct labor cost. Overhead in yeart which just ended was 53.132,000. Other data for year for the two products follow. Standard Made Ghaxy Model (20.000 units) 0.000 units) Sales revenue 56,160,000 $2.860,000 Direct materials 2,560,000 460,000 Direct labor 1,760,000 560,000 Required: a. Compute product line profits/oss for the Standard model and the Galaxy model for year 1 b. A study of overhead shows that without the Standard model, overhead would foll to $2,330,000. Assume all other revenues and costs would remain the same for the Galaxy model in year 2. Compute product fine profitsfoss for the Galaxy model in year 2 assuming the Standard model was not produced or sold Complete this question by entering your answers in the tabs below. Required A Required Compute product line profits/loss for the Standard model and the Galaxy model for year 1. (Do not round Intermediate calculations. Negative amounts should be indicated by a minus sign.) Standard Galaxy Pront loss $(540,320) 1.038 320 FA Required B