Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $255,000 in the Molding department and $215,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Molding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Molding Department Number of Unite Hours per Unit Total Hours Part 2 Part X 3,000 2.0 MH per unit 4,000 2.5 MH per unit Totals. 6,000 MH 10,000 MH 16,000 MH 3 DLH per unit 4 DLB per unit Trimming Department Hours per Unit Total Hours 9,000 DL 16,000 DLI 25,000 DLH Exercise 4-7 (Algo) Plantwide overhead rate LO P1 Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Exercise 4-7 (Algo) Plantwide overhead rate LO P1 Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. Budgeted overhead costs Budgeted direct labor hours $215,000 25,000 8.60 per direct labor hour Required 1 Required 2 > Exercise 4-7 (Algo) Plantwide overhead rate LO P1 Required: 1. Compute the plantwide overhead rate using direct labor hours as the allocation base. 2. Determine the overhead cost per unit for each part using the plantwide rate. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per unit" to 2 decimal places.) Part Plantwide Overhead Rate Activity Usage Overhead cost per unit Z $ 8.60 per direct labor hour 3 direct labor hours 25.80 per unit $ 8.60 per direct labor hour 4 direct labor hours 34.40 per unit