Please show your work

1) Fischer Company identified the following activities, costs, and activity drivers:

Activity	Expected Costs	Expected Activity
Handling parts	$425,000	25,000 parts in stock
Inspecting product	$390,000	940 batches
Processing purchase orders	$220,000	440 orders
Designing packaging	$230,000	5 models

a. Compute a plantwide overhead rate assuming the company assigns overhead based on 70,000 budgeted direct labor hours (Round to two decimals).

b. Compute separate rates for each of the four activities using the activity-based costing.