Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets Munaz currently uses plantwide allccation to allccate its overheed to all products Direct labor cost is the allocation base. The rate used is 150 percent of direct labor cost. Last year, revenue, matenals, and direct labor were as follows Sales revenue Direct labor Direct materials $1,630,000 380,000 570,000 $1,200,000 190,000 296,000 Required: a. Corrmpule the profit or each product using plantwide allocalion. Rasetial Rals Tennis Rackets b. Maria, the manager of Deparument T, was convinced that tennis rackets were really more profitable than baseball batls. She asked her colleague in accounting to break down the overhead costs for the two departients. She discovered hat had department rates been used, Department B would have had a rate of 100 percent of direct labor cost and Department T would have had a rate of 250 percent of direct labor cost. Recompute the profits for each product using each department's allocation rate (hased on direct labor cast Baseball Bats Tennis Rackets