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works 2 , 0 1 0 hours per year. The production - related overhead costs for the Molding Department are budgeted at $ 2 4
works hours per year. The productionrelated overhead costs for the Molding Department are budgeted at $ and the Department costs are budgeted at $ Two support departmentsEngineering and General Factorydirectly support the two prod departments and have budgeted costs of $ and $ respectivelyThe production departments overhead rates cannot be determined until the support departmentscosts are properly allocated. The following schedule reflects the use of the Engineering Depar and General Factory Department's output by the various departments Engineering General Factory Holding Assembly Engineering hours Square feet For all requirements, round allocation ratios to four significant digits and round allocated costs to the nearest dollar Required: Calculate the overhead rates per direct labor hour for the Molding Department and the Assembly Department using the direct allocation method to charge the production departments for support department costs. Round final answers to the nearest cent
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