Lake Prairie Company uses a plant wide overhead rate with machine hours as the allocation base. Next year, 60,000 units are expected to be produced taking 0.80 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? Estimated: Department 1 Department 2 Manufacturing overhead costs K Company estimates that overhead costs for the next year will be $11.495,000 for indirect labor and $1,700,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 260,000 direct labor hours are planned for this next year. what is the company?s plant wide overhead rate? $6.54 per direct labor hour. $0.31 per direct labor hour. $44.21 per direct labor hour. $50.75 per direct labor hour. $0.15 per direct labor hour