Chan Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts fast and standard Expected Costs Activity Handling materials Inspecting product Processing purchase orders Paying supplier:s Insuring the factory Designing packaging Expected Activity $625, 000 900, 000 105, 000 175, 000 300, 000 75, 000 100, 000 parts 1, 500 bat ches 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 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 1 Required 2 Compute a single plantwide overhead rate assuming that the company assigns overhead based on 100,000 budgeted direct labor hours 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. (Round OH rate to 2 decimal places.) Total DL Hours Plantwide OH Total Overhead Rate required Cost Fast model Standard model Compute the overhead activity rate for each activity, assuming the company uses activity-based costing. (Round your answers to 2 decimal places.) Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring factory Designing packaging Expected Costs Expected ActivityActivity Rate 625,000 100,000 parts 900,0001 105,000 175,000 300,000 40,000 square feet 75,000 1,500 batches 700 orders 500 invoices 2 models $ 2,180,000