please answer both parts of the question to receive full credit for homework practice problem.

part 1.

part 2.

Required Information Use the following information for the Exercises below. (Algo) [The following infornation applies to the questions displayed below] Textra produces parts for a machine manufacturer. Parts go through two departments, Moiding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MM) in Molding and 25,000 direct labor hours (DL.H) in Trimming. Actual production information follows. Exerclse 4-8 (Algo) Departmental overhead rates LO P2 Required: 1. Compute a departmental overhead rate for the Molding deparment based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2 Determine the overhead cost per unit for each part using the departmental rates. Complete this question by entering your answers in the tabs below. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on dirsct labor hours. Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25.000 direct labor hours (DLH) in Trimming. Actual production information follows. Exerclse 4-8 (Algo) Departmental overhead rates LO P2 Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Complete this question by entering your answers in the tabs below. Determine the overhead cost per unit for each part using the departmental cates