3 2 points Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 Fanning Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour Fanning expects to incur $608,000 of overhead cost during the next fiscal year. Other budget information follows. Direct labor hours Machine hours Vogue Beauty 2,800 4,800 1,600 1,400 Glamour Total 8,400 16,000 1,750 4,750 eBook Print References 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 Beauty Glamour Total x Required B > 2 Exercise 4-5A (Algo) Allocating overhead cost among products LO 4-3 ints eBook Fanning Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour, Fanning expects to incur $608,000 of overhead cost during the next fiscal year Other budget information follows Direct labor hours Machine hours Vogue 2,800 1,600 Total Beauty Glamour 4,800 8,400 16,000 1,400 1,750 4,750 Print References 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 machine 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 Beauty Glamour Total