Required information Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours Assembly $ 1,200,000 12,000 direct labor hours 4,000 machine hours Finishing $ 800,000 20,000 direct labor hours 16,000 machine hours > Answer is complete but not entirely correct. 1. What is the company's single plantwide overhead rate based on direct labor hours? $ Budgeted overhead costs 100.00 1,200,000 X $ per direct labor hour Budgeted direct labor hours 12,000 X 2. What is the company's single plantwide overhead rate based on machine hours? Budgeted overhead costs $ 800,000 $ 200.00 per machine hour Budgeted machine hours 4.000 x