Problem Stewart Company, a recent entrant to the market, manufacturers a popular robotic toy. There are two production departments Assembly and Finishing. Selected budgeted and actual data are below. Budgeted overhead Actual overhead Expected direct labor hours Expected machine hours Assembly $280,000 $343,200 80,000 1,300 Finishing $300,000 $198,000 24,960 120,000 During the year, 10,000 units of the toy were produced and 9,700 units were sold. Actual data related to this production are below. $547,590 $48,600 Direct materials cost Direct labor cost Direct labor hours used: Assembly Finishing Machine hours used: Assembly Finishing 82,560 26,880 1,680 130,940 Stewart uses departmental overhead rates-Assembly is based on direct labor hours and Finishing is based on machine hours. If necessary, round final answers to 2 decimal places. Required: 1. Compute the departmental overhead rates for a) Assembly and b) Finishing. 2. Using the departmental rates, compute the overhead costs assigned to production? 3. For As mbly only, compute the overhead variance and label it as under- or overapplied. 4. Compute the per-unit manufacturing costs for the production (assuming normal costing)