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Question 2: (8 Marks 2 marks each req.) Armidale Sisters is debating the use of direct labor (DL) cost or direct labor (DL) hours as the cost allocation base for allocating manufacturing overhead costs. The following information is available for the year ended December 31, 2020: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead (MOH) costs Estimated direct labor hours Actual direct labor hours $437,500 $447,000 $350,000 $338,000 25,000 24.200 Work out the following: a) Predetermined budgeted MOH rate using direct labor cost as the allocation base b) Predetermined budgeted MOH rate using direct labor hours as the allocation base c) Allocated MOH based on direct labor cost d) Allocated MOH based on direct labor hours