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Drake Manufacturing has the following budgeted data for its two production departments. Budgeted DataAssemblyFinishing Overhead cost$ 2,400,000 $ 1,600,000 Direct labor hours24,000direct labor hours40,000direct labor

Drake Manufacturing has the following budgeted data for its two production departments.

Budgeted DataAssemblyFinishing Overhead cost$ 2,400,000 $ 1,600,000 Direct labor hours24,000direct labor hours40,000direct labor hoursMachine hours8,000machine hours32,000machine hours

Compute the companys single plantwide overhead rate (1) based on direct labor hours and (2) based on machine hours.

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