Exercise 17-3 Computing plantwide overhead rates P1 Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go-karts: deluxe and basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs Expected Activity $625,000 100,000 parts 900,000 1,500 batches 105,000 700 orders 175,000 500 invoices 300,000 40,000 square feet 75.000 2 models Required 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January of this year, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. 1. 2. Deluxe Overhead cost assigned = Basic Overhead cost assigned =