A company Identified the following budgeted data for this year. The company manufactures two types of scooters, Standard and Fast Activity Budgeted Overhead Cont Budgeted Activity Handling materials $ 1,250,000 200,000 parts Quality inspection 180,000 3,000 inspections Purchasing 50.000 2,000 orders Total $ 1.480,000 The single plantwide overhead rate assuming that the company allocates overhead cost based on 10,000 budgeted direct lobor hours is $125 per direct Inbor hour True or False True False