10.The Fast & Furious Company produces two products: toyplanes and toy race cars. They use departmental overhead rates forthe two production departments: molding and finishing. Molding usesmachine hours to assign overhead and Finishing uses direct laborhours. 50,000 planes and 250,000 race cars are produced. Pleasefind the following data: Molding Finishing Total Estimated Overhead$250,000 $100,000 $350,000 Actual Overhead $240,000 $120,000$360,000 Expected Direct Labor Hours planes 5,000 5,000 10,000 racecars 5,000 35,000 40,000 Expected Machine Hours planes 17,000 3,00020,000 race cars 3,000 7,000 10,000 Actual Direct Labor Hoursplanes 4,500 5,300 10,000 race cars 5,500 34,500 40,000 ActualMachine Hours planes 16,500 3,500 20,000 race cars 3,200 6,80010,000 What are the departmental overhead rates for the molding andfinishing department respectively?
a.$12.50; $2.50 b.$25; $10 c.$8.33; $2 d.$25; $2.50
