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
Handling materials	$	625,000	100,000	parts
Inspecting product		900,000	1,500	batches
Processing purchase orders		105,000	700	orders
Paying suppliers		175,000	500	invoices
Insuring the factory		300,000	40,000	square feet
Designing packaging		75,000	2	models

1. Compute a single plantwide overhead rate assuming that the company assigns overhead based on 100,000 budgeted direct labor 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 r