Allen's Fine Furnishings manufactures upscale custom fumiture. Allen's currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,070,000 of manufacturing overhead to individual jobs. However, Debra Isaacs, o and CEO, is considering refining the company's costing system by using departmental overhead rates. Currently, the Machining Department incurs $630,000 of manufacturing overhead while the Finishing Department incurs $440,000 of manufacturing overhead. Isaacs has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department. (Click the icon to view the job information.) Read the requirements. Requirement 1. Compute the plantwide overhead rate assuming that Allen's expects to incur 21,400 total DL hours during the year. First identify the formula, then compute the rate. (Round your answer to the nearest whole dollar.) Plantwide overhead rate More info The Allen's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 6 DL hours throughout the entire production process. Job 450 incurred 3 MH in the Machining Department and 5 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 5 MH in the Machining Department and 4 DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). Print Done - X