Chan Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts fast and standard. Activity Expected Costs Expected Activity $625,000100,000 parts Handling materials Inspecting produet Processing purchase orders Paying suppliers Insuring the factory Designing packaging 900,000 105,000 175,000 0,000 5,000 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models 30 based on 100,000 budgeted direct labor 1. Compute a single plantwide overhead rate assuming that the company assigns overhead hours. 2. In January 2017 the fast model required 2,500 direct labor hours and the standard model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate Complete this question by entering your answers in the tabs below Required 1Required 2 Compute a single plantwide overhead rate assuming that the company assigns overhead based on 100,000 budgeted direct labor hours Required 2>