Drake Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours Assembly $ 2,400,000 24,000 direct labor hours 8,000 machine hours Finishing $ 1,600,000 40,000 direct labor hours 32,000 machine hours Compute the company's single plantwide overhead rate (1) based on direct labor hours and (2) based on machine hours Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx). Excel file (.xls or .xlsx), or PDF. To submit photo or image needed on their preferred file attachment format.