Single Plantwide Factory Overhead Rate Spotted Cow Dairy Company manufactures three products-whole milk, skim milk, and cream-in two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $492,000 The three products consume both machine hours and direct labor hours in the two production departments as follows: Direct Labor Machine Hours Hours Blending Department Whole milk 370 1,100 Skim milk 400 1,000 Cream 310 400 1,080 2,500 Packing Department Whole milk 610 460 720 Skim milk 750 Cream 200 240 1,380 1,600 4,100 Total 2,460 Required: 1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. If required, round all amounts to the nearest dollar. a. Direct labor overhead rate per direct labor hour b. Machine hour overhead rate per machine hour es Hours Blending Department Whole milk 370 1,100 1,000 400 Skim milk Cream 310 400 1,080 2,500 Packing Department Whole milk Skim milk 460 610 720 750 Cream 200 240 1,380 1,600 Total 2,460 4,100 Required: 1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. It required, round all amounts to the nearest dollar. a. Direct labor overhead rate per direct labor hour b. Machine hour overhead rate per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plontwide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Skim MIIK Whole Milk Cream Direct labor hours Machine hours