Questions 3 & 4 are based on the following information Question 3 X Company manufactures several products. It currently uses a plantwide overhead allocation system, with machine hours as the cost driver. Estimated machine hours for 2017 were 230,000; estimated overhead was $168,000 Assume the following information for one of its products, Product A, produced in 2017: Direct materials Direct labor Direct labor hours Machine hours $69,800 $13,855 815 1,920 3. How much overhead was allocated to Product A [round overhead rate(s) to two decimal places]? Submit Answer Tries 0/3 Question 4 X Company is considering switching to a departmental allocation system. It has two departments, and would use direct labor hours as the cost driver in Department 1 and machine hours as the cost driver in Department 2. The following are budgeted costs and driver amounts for these two departments in 2017 Direct materials Direct labor Overhead Direct labor hours Machine hours Department 1 $17,900 $680,000 $120,000 40,000 100,000 Department 2 $51,900 $680,000 $48,000 40,000 130,000 Assume the following information for Product B in 2017: Department 1 Department 2 Direct materials Direct labor Direct labor hours Machine hours $895 $11,934 702 1,050 $5,190 $1,921 113 870 4. If X Company had used the departmental system, how much overhead would have been allocated to Product B [round overhead rate(s) to two decimal places]? Submit Answer Tries 0/3