Ratchford Clocks manufactures alarm clocks and wall clocks and allocates overhead based on direct labor hour. The production process is set up in three departments: assembly, finishing, and calibrating. The following is information regarding the direct labor used to produce one unit of the two clocks: The budget includes the following factory overhead by department: Ratchford Clocks is planning to manufacture 50,000 alarm clocks and 10,000 wall clocks. Round your answers to two decimal places, if necessary. Determine the total number of hours that will be needed by department. Assembly dlh Finishing dlh Calibrating dlh Determine the factory overhead rate by department using the multiple production department factory overhead rate method. Assembly $ per direct labor hour Finishing $ per direct labor hour Calibrating $ per direct labor hour Determine the amount of factory overhead to be allocated to each unit of alarm clocks and wall clocks. Alarm Clock $ per unit Wall Clock $ per unit Determine the amount of total factory overhead to be allocated to the alarm clocks and wall clocks. $