Q1: Zero Company manufactures two types of products: Designer and Standard. Estimated overhead for the year is $749,000 and estimated direct labor cost is $917,000. 1. Compute a single plantwide overhead rate for year, assuming the company assigns overhead based on 131,000 budgeted direct labor hours. 2. In June, the Designer model required 3480 direct labor hours and the Standard model required 5880 direct labor hours. The direct labor pay rate per your is $9 per hour. Assign overhead costs to each model using the single plantwide overhead rate. a. Calculate the Plantwide overhead rate Round to 2 decimal places Plantwide OH rate= 5.72 Total Overhead Total base $749,000 131,000 DL hours b. Assign overhead to each model using Plantwide Overhead allocation Round to 0 decimal places Designer Standard