Exercise 17-10 (Algo) Using departmental overhead rates and computing gross profit LO P2 Real Cool produces air conditioners in two departments: Assembly and Finishing. Budgeted information follows. Additional production information for two models of its air conditioners follows. 1a. Compute departmental overhead rates and determine overhead cost per unit for each model. 1b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing cost5 2. Compute the total product cost per unit for each model. 3. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). a. Compute departmental overhead rates and determine overhead cost per unit for each model. b. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate osts. Compute the total product cost per unit for each model. For each model, compute the gross profit per unit (selling price per unit minus product cost per 1 Complete this question by entering your answers in the tabs below. Compute departmental overhead rates and determine overhead cost per unit for each model. Complete this question by entering your answers in the tabs below. Use machine hours to allocate budgeted Assembly costs and use direct labor hours to allocate budgeted Finishing (Round "Hours per unit" to one decimal place.) Compute the total product cost per unit for each model. For each model, compute the gross profit per unit (selling price per unit mirtus product cost per unit). (A neg should be indicated with a minus sign.)