Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $245,000 in the Molding department and $205,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Molding Department Number of Units Hours per Unit Total Hours Part Z Part X 3,000 2.0 MH per unit 4,000 2.5 MH per hit 6,000 MH 10,000 MH Trimming Department Hours per Unit 3 DLH per unit Total Hours 9,000 DLH 4 DLH per unit 16,000 DLH Totals 16,000 MH 25,000 DLH Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding Required information Required 1 Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding Trimming Required 1 Required 2 > Required information Required 1 Required Saved Help Save & Exit Submit Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Part Z Molding Trimming Total Departmental Overhead Rate Hours per Unit Overhead cost per unit $ 0.00 0.00 Overhead cost per unit Part X Departmental Overhead Rate Hours per Unit Molding Trimming Total $ < Required 1 Required 2> 0.00 0.00