related to #3. You must show all calculations and circle your answers Cogswell Cogs, Inc. estimates its overhead for the upcoming year to be $1,693,500 and has been using machine hours as its base to apply overhead and estimates total machine usage will be 112,000 hours and estimates direct labor hours will be 125,000 hours. Cogswell makes three different models of its product - Basic, Premium and Deluxe. The company anticipates making 10,000 units of Basic, 5,000 units of Premium and 1,000 units of Deluxe. The following information relates to Direct Material, Direct Labor and Overhead for each unit for each model - Basic Direct Material 5 pounds at $4 per pound Direct Labor 6.5 hours at $16 per hour Overhead 6 machine hours per unit Premium Deluxe 8 pounds at $4.20 per pound 9 hours at $16 per hour 8 machine hours per unit 10 pounds at $4.40 per pound 15 hours at $18 per hour 12 machine hours per unit 1. Calculate the pre-determined overhead rate using machine hours (round to the nearest 1/10th of a penny, 3 pts, show all calculations) 2. Calculate the per unit cost for each of the models (7 points, show all calculations) Basic Premium Deluxe