Required information Use the following information for the Exercises below. (Static) [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 $240,000 in the Molding department and $200,000 in the Trimming department. The company budgets 16,000 machine hours (MH) in Moiding and 25,000 direct labor hours (DLH) in Trimming. Actual production information follows. Exercise 4-7 (Static) Plantwide overheod 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. Compute the plantwide overhead rate using direct tabor hours as the allocation base