Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T 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 is 200 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows. Sales revenue Direct labor Direct materiais Baseball Bats S1,830,cee 348,888 572,000 Tennis Rackets $1,225, eee 178,888 297,888 In Required: a. Compute the profit for each product using plantwide allocation. b. Marta, the manager of Department T. 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 B would have had a rate of 150 percent of direct labor cost and Department T would have had a rate of 300 percent of direct labor COSt. Recompute the profits for each product using each department's allocation rate (based on direct Tabor cost) Profit Baseball Tennis Bats Rackets Using plantwide allocation Using department's allocation rate b