Real Cool produces alr conditioners in two departments: Assembly and Finishing. Budgeted Information follows. Department Budgeted cost Allocation Base Budgeted Usage Assembly $ 340,880 Machine hours 6,800 machine hours Finishing 19,880 Direct labor hours 3,8ee direct labor hours Additional production Information for two models of its alr conditioners follows. Per unit Selling price Direct materials Direct labor Model A $ 480 140 190 Model T $ 5ee 130 2ee Model A Model T Units produced 280 380 Assembly machine hours per unit 2 MH 3.5 MH Finishing direct labor hours per unit 3 DLH 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 unlt minus product cost per unit). Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Reg 3 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 Reg 1A Req 1B > 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 Hours per Unit Overhead Allocated Model T Overhead Hours per Unit Allocated Assembly Finishing Totals Reg 1A Reg 1B Reg 2 Req3 Compute the total product cost per unit for each model. Direct Per Unit Direct Labor Overhead Materials Model A Model T Product Cost per Unit Req 1A Reg 1B Reg 2 Req3 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 Selling Price Gross Profit Product Cost Model A Model T