A company has two products: A and B. It uses a plantwide overhead allocation method based on activity 2 (activity 2 is the companys cost driver) and has prepared the following analysis showing budgeted costs and activities. Use this information to compute (a) the company's plantwide overhead rate and (b) the amount of overhead allocated to Product A. Hint: The amount of overhead allocated to Produce A is a number between $298,00 and $301,000. You must show your work to receive credit. (2 points)

		Budgeted Activity
Activity Cost Pool	Budgeted Overhead Cost	Product A	Product B	Total
Activity 1	$160,000	400	1,600	2,000
Activity 2	$110,000	2,000	1,000	3,000
Activity 3	$180,000	1,200	10,800	12,000
Total budgeted overhead	$450,000