The time has come to put what you have learned so far to the test and decide what type of business might be a good match for you. At the end of each unit, there will be a Unit Project called "Business Ventures". Each project will build on the previous one. So you will need to complete Part 1 in Unit 1 before you can move on to Part 2 in Unit 2. This part of the project will focus on using the results from the aptitude and personality tests that you took earlier in this Unit. Your main goal for Part 1 is to create a list of possible business ventures that you might be interested in and decide on a legal form of business. During this project, you'll accomplish the following:

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.