Vernon Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Vernon expects to incur $684,000 of overhead cost during the next fiscal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 5,200 7, 200 5, 600 18, 000 Machine hours 1, 400 1, 600 1, 560 4, 560 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. Complete this question by entering your answers in the tabs below. 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. Product Allocation Rate x Weight of Base = Allocated Cost Vogue X $ Beauty X 0 Glamour 0 Total $ 0Vernon Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Vernon expects to incur $684,000 of overhead cost during the next scal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 5,260 7,269 5,666 18,006 Machine hours 1,499 1,669 1,569 4,569 Required 5. Use direct labor hours as the cost driverto 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. 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