Super Sounds, Inc. manufactures two models of stereo speaker sets. The company uses an absorption (or full) product-costing system, which means that both variable and fixed overhead are included in the product cost. Cost estimates for the two models for the coming year are as follows: Direct material Direct labor (10 hours at $25 per hour) Manufacturing overhead Standard Model $380 250 200 Deluxe Model $530 250 200 Total cost per set $830 $980 The predetermined overhead rate is $20 per direct-labor hour. Each stereo speaker set requires 10 hours of direct labor. Each Standard model set requires one hour in Department I and nine hours in Department Il. Each set of the Deluxe model requires nine hours in Department I and one hour in Department II. The manufacturing overhead costs expected during the coming year in Departments I and Il are as follows Variable overhead 15 per direct-labor hour $ Fixed overhead 9 per direct-labor hour $268,000 $268,000 The expected operating activity for the coming year is 33,500 direct-labor hours in each department. 1-a. Calculate the total budgeted overhead cost and total expected direct-labor hours for both departments together Budgeted overhead cost Expected direct-labor hours 1-b. Compute predetermined overhead rate per direct-labor hour overhead rate per dire 2. What will be the price of each model stereo speaker set if the company prices its products at absorption manufacturing cost plus 10 percent? (Do not round intermediate calculations. Round