Munoz Sporting Equipment manufactures baseball bats and tennis rackets Department produces the baseball bats, and Department produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used a 100 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows: Baseball Bats Tennis Rackets Sales revenue $1,840,000 $1,250,000 Direct labor 250,000 125,000 Direct materials 574,000 298,000 Required: a. Compute the profit for each product using plantwide allocation. Pro Baseball Bats Tennis Rackets b. Maria, the manager of Department, was convinced that tennis rackets were really more profitable than baseball bats. She asked her colleague in accounting to break down the overhead costs for the two departments. She discovered that had department rates been used, Department would have had a rate of 50 percent of direct labor cost and Department T would have had a rate of 200 percent of direct labor cost. Recompute the profits for each product using each department's allocation rate based on direct labor cost), Pro Baseball Bas Tennis Racks