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 $263,750 in the Molding department and $223,750 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 umber of Units Hours per Unit Part 2 Part X Totals 3,000 2.0 MH per unit 4,000 2.5 MB per unit Trimming Department Hours per Unit Total Hours Total Hours 6,000 MH 10,000 MH 16,000 MH 3 DLH per unit 9,000 DLH 4 DLH per unit 16,000 DLH 25,000 DLH Exercise 17-8 (Algo) Departmental overhead rates LO P2 Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead ra the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Required 1 Required 2 Compute a departmental overhead rate for the Molding department based on machine hours ane rate for the Trimming department based on direct labor hours. Molding Trimming Part Z Departmental Overhead Rate Hours per Unit Overhead cost per unit Molding Trimming Total Part X Departmental Overhead Rate Hours per Unit Overhead cost per unit Molding Trimming Total