Tim Paimer, the new controler of Mutual Manufacturing Company (MMC) believes that the company should use the dual rate method of allocating overhead costs of its Materials Manegement Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since ats inception 20 years ago. Palmer's Materias Managemert Department has an annual capacity of 5,875 labor-hours and a budgeted fiwed cost of $183,000. The budgeled variable cost per labor-hour of the Materials Mariggement Department is $16. Palmer gathers the following information. (Click the ieon to visw the information) Read the teguitements Requirement 1. Using the single-rale method, allocale Materias Management Department costs to the Machiring and Assembly Departments in these thice wayd. Start with alocating (a), then (b), and finally (c). (Round the budgeled rate per liem to the nearest cent) Data table Requirements