Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed befow.] Textra produces parts for a machine manufacturer. Parts go through two departments. Molding and Trimming. The company budgets overhead cost of $248,750 in the Molding department and $208.750 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. Exercise 17-8 (Algo) Departmental overhead rates LO P2 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