West State Furniture (WSF) manufactures desks and desk chalrs using two departments withIn a single facility. The West Department produces the desks, and the State Department produces the chalrs. WSF uses plantwlde allocation to allocate Its overhead to all products. Direct materlals cost is the allocation base. The rate used is 60 percent of direct materlals cost. Last year, revenue, direct materlals, and direct labor were as follows. Required: a. Compute the profit or loss for each product using plantwide allocation. b. The new CFO at WSF was surprised that the company used a plantwide rate, because the two products were produced in separate departments. The cost analyst estimated the overhead rates for each department separately. Using department rates, the West Department rate would be 33 percent of direct materlals cost. The State Department rate would be 102 percent of direct materlals cost. Recompute the profits or loss for each product using each department's allocation rate (based on direct materlals cost in each department)