Exercise 17-3 (Algo) Computing plantwide overhead rate LO P1 Dade Metals manufactures patio furniture. The company budgets overhead cost of $480.000 for the year. It also budgets 24.000 machine hours and 6,000 direct labor hours. 1. Compute the plantwide overhead rate, assuming the company allocates overhead based on (a) machine hours and (t) direct labor hours 20. Job 121 uses 210 machine hours and 70 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on 2b. Job 121 uses 210 machine hours and 70 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on direct labor hours machine hours Required 1 Required 2A Required 2B Compute the plantwide overhead rate, assuming the company allocates overhead based on (a) machine hours and (b) direct labor hours. a. Plantwide overhead rate per machine hour b. Plantwide overhead rate per direct labor hour Required 2A > Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Job 121 uses 210 machine hours and 70 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on machine hours. Plantwide Overhead Rate Activity usage Overhead Allocated Job 121 Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Job 121 uses 210 machine hours and 70 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on direct labor hours. Plantwide Overhead Rate Activity Usage Overhead Allocated Job 121