Lansing, Inc, provided the following data for its two producing departments: Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the folishing Department. There are 20,000 units of farm A produced and sold and 50,000 or form 8. Reguiredi 1. Calculate the bverhead rates for each department Moldene per machine hour Dorishing per dired labor hour 1. Calculate the overhead rates for each department. Molding 1 per inachine bour Polishing per direct labor hour 2. Using departmental rates, assign owerhead to the two products and calculate the overhead cost per unit. Round your answers to the nearest cent. How does this compare wah the plantwide rate unit cont, using direct labor hours? Relative to the planimide rote, the cost for form A and for Form a. 3. What if the machine hours in Moiding were 1,200 tor form A and 3, 000 for Form B and the direct laboe hours used in folishing were 5,000 and 15,000 , reupectivelv? Cakculate the overhead cost per ung for each product using departmental ratec. Round your answers to the nearest cent. Compurs with the plantwide rate unit costs calculated in Requirement 2 . What can you conclude from this oucome? Felatice to the plantaide rate, the coes? for form A and for Form B