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Shakti Company budgets overhead cost of $111,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,400 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,400 direct labor hours. Select Numerator Select Denominator Required 2 > Total actual direct labor cost Total actual direct labor hours Total actual direct materials Total actual machine hours Total actual manufacturing cost Total actual overhead cost Total budgeted direct labor cost Total budgeted direct labor hours Total budgeted direct materials Total budgeted direct labor hours Total budgeted direct materials Total budgeted machine hours Total budgeted manufacturing cost 1 Total budgeted overhead cost Required 1 Required 2 Required 3 The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. Model Plantwide Overhead Rate Hours per Unit Overhead Allocated Standard per unit Deluxe per unit per direct labor dollar Required 3 > per direct labor hour per direct material dollar per machine hour per direct labor dollar Required 3 > per direct labor hour per direct material dollar per machine hour per unit Required 1 Required 2 Required 3 Compute the total product cost per unit for both models. Cost per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Standard $ 12 $ 18 Deluxe $ 23 S 27