Lansing. Inc. provided the following data for its two producing departments: Molding Total Estimated overhead Direct labor hours (expected and actual): $425,000 $60,000 $485,000 Form A Form B Total 1,000 4,000 5,000 5,000 15,000 20,000 6,000 19,000 25,000 Machine hours: Form A Formm B Total 3,500 1,500 5,000 3,000 2,000 5,000 6,500 3,500 10,000 Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are 25,000 units of Form A produced and sold and 50,000 of Form B Required 1. Calculate the overhead rates for each department Molding 85er machine hour Polishing 3 Vper direct labor hour 2. Using departmental rates, assign overhead to the two products and calculate the overhead cost per unit. Round your answers to the nearest cent. Unit Overhead Cost 12.5 per unit Assigned unit overhead cost for Form A Assigned unit overhead cost for Form B How does this compare with the plantwide rate unit cost, using direct labor hours? Relative to the plantwide rate, the cost increased for Form A and decreased for Form B 3. What if the machine hours in Molding vere 1,200 for For A and 3.800 for Form B and the direct labor hours used in Polishing vere 5,000 and 15,000 3.51 X per unit espectively? Calculate th overhead cost per unit for each pr duct using departm Unit Overhead Cost Form A 4.7 X per unit Form B 7.4 X per unit Compare with the plantwide rate unit costs calculated in Requirement 2. What can you conclude from this outcome? Relative to the plantwide rate, the cost increased for Form A and decreased for Form B