Predetermined Overhead fates, Overhead Variances, Unit Costs Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhead using a plantwide rate based an itrias labor hours, Consideration is being given to the use of depaitmental overhead rates where overhead would be acplied on the basis of direct labor hours in Bepartinent 1 and on the basis of machine hours in Department 2. At the beginning of the year, the following estimates are prowded: Actual results reported by department and product duating the year are as follows: Required: 1. Compute the plantwide predetermined overhead rate, per direct labor hour Calculate the overhead assagned to each product. Product 1 Product 2 Department I per direct labor hour Department 2 per machine hour Calculate the overhiead assigned to each product. 3. Using departmental rates, compute the applied overhead for the year