Cregg's Fine Fumishings manutactures upscale custom furnitue. Crego's currently uses a plantwide overhead rote based on direct labor hours to alocabe its $1.170,000 of manutacturing overtoad to individual jobs. However, Dede Gilo, owner and CEO, is considering refining the company's costing systern by using departmental ovechead rates. Currently, the Machining Deparmont incurs $735,000 of manufacturing ovechead while the Finishing Department incurs $435,000 of manutacturing overbead. Gillo has idensffed mactine hours (MiH) as the primary manutacturng oveenead cost driver in the Machining Department and direct labee (OC) hours as the primary cost dnver in the Finishing Department. (Cick the icon lo vew the job information) Read the recuirements Requirement 1. Compule the plantwide overhead rate assuming that Cregse expects to incur 20,000 total DC, hours during the year. Finst identify the formula, then compule the rate. (Round your answer to the nearest whole dolar) The Cregg's plant completed Jobs 450 and 455 on May 15 . Both jobs incurred a total of 6DL hours throughout the entire production process. Job 450 incurred 2 MH in the Machining Department and 5DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 7MH in the Machining Department and 4DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department)