Teahen Products manufactures its products in two separe parter Maching Assembly Total Wartacturing overed costs for the year ago 1.000,00 ng parent (primarily for machine operation and democion) while the Assembly Department inours $420,000. The company times that wil hour 8.400 machine hours all in the Machining Department and 15.000 direct labor hours (2,000 in the Machining Department and 12,000 in the Assembly Department during the year Teahon Products currently on a plantwide overhead rate based on direct labor hours to allocatie overhead. However, the company is considering retning its overhead location om by using departmental overhead roles. The Machine Department would locales overhead using machine hour (but the Assembly Department would alocate its overhead using direct labor DL) hours. The following that shows the machine round and director hours incurred by Jobs 500 and 501 in each production department (Click the icon to view the additional information) Read the requirements Data Table Requirement 1. Compute the company's current plantwide overhead role. (Round your answer to the rest dollar) Begin by determining the formula, then compute the rate Planwide overhead rate I por DL hour Machining Department M 4 OL Assembly Department 12 DL hans Jo 100 Requirement 2. Computerofred departmental overhead roles Determining the formula then compute the rules found your swers to the nearest color) Jeb 101 12 DL hours Departmental overhead role mach hou por DL hour DLO Bon Jobs 500 and 10 of direct manages und 50 per direct borhout Teshen Products po its products 120% of total acting costs Machining Assembly Requirement 3. Which ob Job 500 or Job 501) more of the company's resources? Explain of the company's resources Prim Done machine hours than the other job. The accounting system should show that one job actually Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro sts for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs se vill incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in is considerinamfining its custhead allocation sustam harina denactmental overhead rates The Machining Requirements 1. Compute the company's current plantwide overhead rate. 2. Compute refined departmental overhead rates. 3. Which job (Job 500 or Job 501) uses more of the company's resources? Explain. 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide overhead rate 5. Compute the total amount of overhead allocated to each job if the company uses departmental overhead rates 6. Do both allocation systems accurately reflect the resources that each job used? Explain 7. Compute the total manufacturing cost and sales price of each job using the company's current plantwide overhead rate 8. Based on the current (plantwide) allocation system, how much profit did the company think it eamed on each job? Based on the departmental overhead rates and the sales price determined in Requirement 7. how much profit did it really eam on each job? 9. Compare and comment on the results you obtained in Requirements 7 and 8. Done Print mental overhea per mach the other per DL hol one job actually ext question MacBook Pro