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Alen's Fne Fumishings manufactures upscaie custom furniture. Alen's currently uses a plantwide overhoad rate based on direct labor hours to aliocate its $1,450,000 of manufacturing overhead indidual jobs. However, Dede Able, owner and CEO, is considering refning the company's costing systom by using departmental overhead rates, Currently, the Machining Department incurs 5730,000 of manutacturing overhead while the Finishing Department incurs $720,000 of manufacturing overhead. Able has identfied machine hours (MH) as the primary martufacturng overhead cost diver in the Machining Department and direct labor (DL) hours as the primary cost drwer in the Finishing Department. Requirement 1. Compute the plantwide ovectead rate assuming that Allen's expects to incur 25,000 total DC hours during the year: Firs identify the formula, then compute the rate. (Round your answer to the nearest whole dotlar.) =Pantwideoverheadrate:= Requirement 2. Compute dopartmental overtead ratos assuming that Allon's expects to incur it,600 MHt in the Machining Department and 16,000 DC hours in the Finishing Department during the yeari Fint identity the formula, then compule the rase for each sopartment (Round your answers to the nearest whole dollar) Requirement 3. A Alenis continues to use the plantwide orerhead rase, how much manulacturing ovecheod would be allocated to Job 450 and Job 455 ? Fint isentify the formula, then calcualie the amount of manudacturing ovethesd that would be allocated to the jobs if the plantwide overhead rate is used. (Round your answers to the nearest whole dollar) Requirement 3. If Allen's continues to ise the plantwide overhead rate, how much manulacturing cvertead would be allocaled to Job 450 and Job 455 ? Fist idently the formula, then calculate the amount of manufacturing overtead that would be alocated to the jobs if the plantwide ovemtead rate is usod. (Round your answers to the nearest whiol dofac1 Requiremert 4, If Alen's wises departmertal overtiesd tates, how much thanufacturing overhead would be alocalted to Job 450 and Job 455 ? Use the folowing tatil to calculate the amount of manulacturing owertesd that would be alocalod to the jobe it the departmental overhesd ratos are used. (Round your answers to the nearest whic dollar.) choite di alocation systems aflect product pricing? Enplah The singie clartidid fale Fincen Aleris sents it sales proe at 125% of coot, and the po cost ia by the alocation syatern it uses, its sales prece will by the aflocalion system it uses. More info The Allen's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 7DL hours throughout the entire production process. Job 450 incurred 3 MH in the Machining Department and 6 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 5 MH in the Machining Department and 5 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department)