Ryan Corporation manufactures auto steering systems. Prime cost and machine time estimates for one unit of the product for the year follow Direct materials Direct labor (510/hour) Machine hours $380 $750 20 This product requires 15 hours of direct labor in Department A and 10 hours in Department B. Also, it requires 5 machine hours in Department A and 15 machine hours in Department B. Using output as the activity, the factory overhead costs estimated in these two departments follow Variable cost e cost 5420.000 112,600 $260,000 181,000 Management expects the firm to produce 1000 units during the year Required: Assume the total actual overhead base used was equal to the estimated base for the 1000 units produced Assume that factory ovestead was applied on the basis of direct labor hours Compute the predetermined plantwide factory overhead rate 2 factory overhead were applied on the basis of machine hours, what would be the plantwide overhead rate? 3. 11 the company produced 1000 units during the year what was the total amount of applied factory overhead in each department in eurements and 23 5 Comme department overhead rate and amount of spoed overhead for Department A using direct labor hours as the