Tyson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Tyson expects to incur $480,000 of overhead cost during the next fiscal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 2,000 4,000 6,000 12,000 Machine hours 1,200 1,400 1,400 4,000 Required a. Use direct lobor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. X Required A Required B Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product Allocation Weight of Product Allocated Rate Base Cost Vogue Is 2,000 80,000 Beauty 4.000 160,000 Glamour 6,000 x 40 = 240,000 Total 480.000 > 999 Required > Tyson Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour Tyson expects to incur $480,000 of overhead cost during the next fiscal year. Other budget information follows Direct labor hours Machine hours Vogue Beauty Glamour Total 2,000 4,000 6,000 12,000 1,200 1,400 1,400 4,000 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Allocation Weight of Allocated Product Rate Base Cost Vogue 1.2003 120 $ 144,000 Beauty 1,400 x 120 168.000 Glamour 1,400 X 120 168,000 Total 480.000