Malone Company sells two products Big X and Kiltie X. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plant wide overhead rate with direct labor hours as its allocation base Next year's overhead is estimated to be $510,000. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $20 per hour and the company expects to manufacture 15,000 units of Big X and 18,000 units of Little X next year. Malone's plantwide overhead rate will be $20.98 per direct labor hour next year. True False Malone Company sells two products Big X and Kiltie X. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plant wide overhead rate with direct labor hours as its allocation base Next year's overhead is estimated to be $510,000. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $20 per hour and the company expects to manufacture 15,000 units of Big X and 18,000 units of Little X next year. Malone's plantwide overhead rate will be $20.98 per direct labor hour next year. True False