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 $248,750 in the Molding department and $208,750 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. Trimming Department Total Hours Hours per Unit Total Hours Molding Department Hours per Unit MH per Number of Units Part Z 3,000 2.0 6,000 MH 3 DLH per 9,000 DLH unit unit Part X 4,000 2.5 MH per 10,000 MH DLH per 4 16,000 DLH unit unit Totals 16,000 MH 25,000 DLH Exercise 17-7 (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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. 0 < Required 1 per direct labor dollar per direct labor hour