Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $260,000 in the Molding department and $220,000 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. Part 2 Part X Totals Number of Units 3,000 4,000 Exercise 17-8 (Algo) Departmental overhead rates LO P2 Complete this question by entering your answers in the tabs below. Required 1 Molding Department Hours per Unit Total Hours 2.0 MH per unit 6,000 MH 2.5 MH per unit 10,000 MH 16,000 MH Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Actual overhead costs Actual machine hours Trimming Required 2 Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. Molding Actual overhead costs Actual direct labor costs Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Required 1 0 per machine hour Total Hours 9,000 DLH 16,000 DLM 25,000 DLH Required 2 > ! 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 $260,000 in the Molding department and $220,000 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. Part Z Part X Totals Exercise 17-8 (Algo) Departmental overhead rates LO P2 Number of Units 3,000 4,000 Required 1 Required 2 Part Z Complete this question by entering your answers in the tabs below. Molding Department Hours per Unit 2.0 MH per unit 2.5 MH per unit Required: 1. Compute a departmental overhead rate for the Molding department based on machine hours and a departmental overhead rate for the Trimming department based on direct labor hours. 2. Determine the overhead cost per unit for each part using the departmental rates. Molding Trimming Total Part X Molding Trimming Total Determine the overhead cost per unit for each part using the departmental rates. (Round "Overhead rate" and "Hours per unit" to 2 decimal places.) Total Hours 6,000 MH 10,000 MH 16,000 MH Departmental Overhead Rate Departmental Overhead Rate < Required 1 Trimming Department Hours per Unit 3 DLH per unit 4 DLH per unit Hours per Unit Hours per Unit Overhead cost per unit 0.00 0.00 $ Overhead cost per unit 0.00 0.00 Total Hours 9,000 DLH 16,000 DLH 25,000 DLH $ Required 2 >