A manufacturer has the following budgeted data for its two production departments: Budgeted Data Overhead cost Direct labor hours Machine hours Assembly $ 3,600,000 12,000 direct labor hours 4,000 machine hours Finishing $ 2,400,000 20,000 direct labor hours 16,000 machine hours Compute the company's single plantwide overhead rate based on direct labor hours. Multiple Choice O $150.00 per direct labor hour. O $300.00 per direct labor hour. $187.50 per direct labor hour. $900.00 per direct labor hour. $225.00 per direct labor hour. A firm expects to sell 24,500 units of its product at $10.50 per unit and to incur variable costs per unit of $5,50 Total fixed costs are $65,000. The firm's net income is: Multiple Choice $134.750 $122,500 $199.750 $65,000 $57,500