Craftmore Machining reports the following budgeted overhead cost and related data for this year. Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Assembly $ 438,750 Direct labor hours (DLH) 13,000 Product design 67,500 Engineering hours (EH) 1,350 Electricity 22,500 Machine hours (MH) 10,000 Setup 56,250 Setups 450 Total $ 585,000 Required: Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours.Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. Numerator = Denominator