Mathew Johnson, the new controlier of Central Manutacturing Compary (CMC) believes that the company should use the dual rate method of allocating overhoad costs of its Matorials Management Department to its Machining and Assembly Departments instead of the single rate method, which the compary. has used since its inception 20 years ago. Johnson's Materials Management Department has an annual capacity of 6,000 labor hours and a budgeted fxed cost of $270,000. The budgeted variable cosi per labor-hour of the Matorials Management Department is $25. Johnson gathers the following information: (Click the icon to view the information) Read the requirements Requirement 1. Using the single-rale method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways. Start with alocaing (a), then (b), and finally (e). (Round the budgesed tate per itom to the nearest cent) Mahthew Johnson, the new controller of Central Manufacturing Company (CMC) believes that the company should use the dual rale mathod of atiocating overheat costs of its Materials Managemont Department to its Machining and Assembly Departments instesd of the single rate method, which the company has used since its inception 20 years ago. Johnson's Materials Management Department has an annual capacty of 6.000 labor hours and a budgeled fored cost of $270,000. The budgeted variabie cost per labor-hour of the Materials Management Department is $25, Johnson gathers the following informadion: (Cick the icon to view the informaticn) Read the fequerertents. Data table hy should use the dual rate method of alocating lead of the single rate method, which the compary sapacity of 6,000 labor-hours and a budgeted fixed $25 Johnson gathers the following information