Chan Company identified the following activities, costs, and activity drivers for 2015. The company manufactures two types of go-karts: fast and standard.

Chan Company identified the following activities, costs, and activity drivers for 2015. The company manufactures two types of go-karts: fast and standard. Activity Handlina materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Cost Expected Activity $ 625,000 100,000 parts 900,000 105,000 175,000 300,000 75,000 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models 1. Compute a single plantwide overhead rate assuming that the company assigns overhead based on 100,000 budgeted direct labor hours