Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Department Budgeted cost Allocation Base Budgeted Usage Assembly $ 288,000 Machine hours 7,200 machine hours Finishing 27,000 Direct labor hours 4,500 direct labor hours Additional production information for two models of its air conditioners follows. Per unit Selling price Direct materials Direct labor Model A $ 520 160 210 Model I $ 550 150 220 Model A 200 2 MH 3 DLH Model T 300 4.5 MH 4 DLH Units produced Assembly machine hours per unit Finishing direct labor hours per unit 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). Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2 Req3 Compute departmental overhead rates and determine overhead cost per unit for each model. 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.) Department Departmental Overhead Rate Model A Overhead Hours per Unit Allocated Model T Overhead Hours per Unit Allocated Assembly Finishing Totals Compute the total product cost per unit for each model. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model A Model T 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.) Selling Price Product Cost Gross Profit Per Unit Model A Model T