Munoz Sporting Equipment manufactures baseball bats and tennis rackets Department produces the baseball bats and Department produces the Tennis tackets Munca cuently uses a wide allocation 16 alocais conhead to all product Director com is the allocation in the rate and 100 percent of directo con le revenue, materials and director were as follow BB To act Seven $1,650,000 $925 000 Director 240.000 120.000 562.000 285.000 Required a combate the probach product in allocation Pub barn ten Manager was constantanali Shehu the departmenthe discovered the cost of Order of Great The proper NT 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 100 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows: Sales revenue Direct labor Direct materials Baseball Bats $1,650,000 240,000 552,000 Tennis Rackets $925,000 120,000 285,000 Required: a. Compute the profit for each product using plantwide allocation Profit Baseball Bats Tennis Rackets b. Maria, 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 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), Profit Baseball Bats Tennis Rackets