Real Cool produces air conditioners in two departments: Assembly and Finishing Budgeted information follows. Department Assembly Finishing Budgeted Cost $ 268,000 28,000 Allocation Base Machine hours Direct labor hours Budgeted Usage 6,700 machine hours 3,500 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Model A $ 470 Model T $ 490 Direct materials Direct labor 135 185 125 195 Units produced Assembly machine hours per unit Finishing direct labor hours per unit Model Al 300 2 MH 3 DLH Model T 400 4 MH 4 DLH 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Assembly department overhead rate Finishing department overhead rate per MH per DLH Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing costs. (Round "Hours per unit" to one decimal place.) Model A Model T Department Departmental Overhead Rate Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals Compute the total product cost per unit for each model. Per Unit Model A Model T Direct Materials Direct Labor Overhead Product Cost per Unit For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (A negative gross profit should be indicated with a minus sign.) Per Unit Model A Model T Selling Price Product Cost Gross Profit