Required: 1. Using the plantwide approach: a, Calculate the plantwide overhead rate. b. Calculate the amount of overhead that would be assigned to each product. 2. Using a departmental approach: a. Calculate the departmental overhead rates. b. Calculate the total amount of overhead that would be assigned to each product. c. Using your departmental overhead cost allocations, redo the controller's segmented income statement (continue to allocate selling and administrative expenses based on sales dollars). 3. Koontz's production manager has suggested using activity-based costing instead of either the plantwide or departmental approaches. To tacilitate the necessary calculations, she assigned the company's total manufacturing overhead cost to five activity cost pools as follows: She also determined that the average order size for the Basic and Advanced models is 400 units and 50 units, respectively. The molding machines require a setup for each order, One setup hour is required for each customer order of the Basic model and three hours are requlred to setup for an order of the Advanced model. The company pays a sales commissions of 5% for the Basic model and 10% for the Advanced model. Its traceable fixed advertising costs include $150,000 for the Basic model and $200,000 for the Advanced model. The remainder of the company's selling and adminlstrative costs are organization-sustaining in nature. Using the additional information provided by the production managec, calculate: a. An activity rate for each acthity cost pool. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity based cost assignments from requirement 3, prepare a contribution format sogmented income statement that is adopted from Fxhibit 6-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable fixed expenses. and common fixed expenses.] 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Using the plantwide approach, calculate the plantwide overthead rate