3 2 points elook Print Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Rundle Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Rundle expects to incur $644,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Vogue Beauty Glamour Total 4,200 6,200 3,600 14,000 2,000 2,200 2,240 6,440 Machine hours 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 Vogue Beauty Glamour Total x Allocated Cost