Farmers Fine Funishings manufactures upscale custom furniture. Farmers currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,290,000 of departmental overhead rates. Currently, the Machining Department incurs $870,000 of manufacturing overhead while the Finishing Department incurs S420,000 of manufacturing overhead Deana has identbfied machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department manufacturing overhead to indvidual jobs. However, Deana Howards, owner and CEO, is considering refining the company's costing system by using (Click the icon to view the job information.) Read the requrements Requirement 1. Compute the plantwide overhead rate assuming that Farmers expects to incur 30,000 total DI hours during the year First identify the formula, then compute the rate. (Round your answer to the nearest whoie dollar) Plantwide overhead rate 1290000 30000 43 Requirement 2. Compute departmental overhead rates assuming that Farmers expects to incur 14,500 MH in the Machining Department and 17,500 D hours in the Choose from any list or enter any number in the input fields and then continue to the next