Marks - 30 Question - 3 Following information have been provided by XYZ Furniture Company: Direct Material $ 20/unit Direct labour cost $ 10/unit Total 1,000 chairs were manufactured XYZ Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases are: a) Direct labor cost $500,000, b) Direct labor hours 50,000, and c) Machine hours 100,000 Required: a) Compute the predetermined overhead rate for each activity base. b) Compute total manufacturing cost of each chair by using each activity base for overhead. Marks - 20