The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt: 5561,600.00 Fabrication Department factory overhead Assembly Department factory overhead 241,500.00 5803,100.00 Instructions Direct labor hours were estimated as follows: Fabrication Department 4,800 hours Assembly Department 5,250 Total 10,050 hours In addition, the direct labor hours (dih) used to produce a unit of each product in each department we as follows: Production Departments Gasoline Engine Diesel Engine 1.8 dih Fabrication Department 3.1 dih Department rate = Department Overhead Labor hours nnntinn - Ahor hours per product x Department rate: Add both department allocation THIS UCUNS In addition, the direct labor hours (dih) used to produce a unit of each product in each department were deter as follows: Production Departments Gasoline Engine Diesel Engine 1.8 dih Fabrication Department 3.1 dih 3.1 Assembly Department 1.8 4.9 dih Direct labor hours per unit 4.9 din Required: a. Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the single pi rate method, using direct labor hours as the activity base. b. Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the multiple Department rate = Department Overhead + Labor hours Product allocation = Labor hours per product x Department rate: Add both department allocations together