Chan Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: fast and standard Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs 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 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 Required Required 2 > Required 1 Required 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. (Round OH rate to 2 decimal places.) Total DL Plantwide OH Overhead Hours required Total Rate Cost Fast model Standard model Required 1 Required 2