Mitchell Enterprises incurs $300,000 in manufacturing overhead costs each month. The company has been allocating overhead to individual product lines based on direct labor hours. Cost driver Direct Labor Amount pooled P100,000 Number of batches Design changes 150,000 50,000 Activity 15,000 direct labor hours 200 batches 125 design changes Two products have the following characteristics for the first month of operations: Direct labor hours Product X Product Y Number of batches 1,000 10 400 20 Design changes 1 15 REQUIRED (2.5 points each): Determine the overhead to be allocated to each product using direct labor hours as the only cost driver. 1.Product X 2.Product Y Determine the overhead to be allocated to each product using the three drivers identified. 3.Product X 4.Product Y