Shakti Company budgets overhead cost of $71,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Direct materials Direct labor Standard $ 12 18 Deluxe $ 23 27 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,100 direct labor hours. 2. The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 7,100 direct labor hours. Select Numerator Select Denominator Required 1 Required 2 > Required 1 Required 2 Required 3 The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit. Compute overhead cost per unit for each model. Model Standard Deluxe Plantwide Overhead Rate Hours per Unit Overhead Allocated per unit per unit < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute the total product cost per unit for both models. Product Cost Cost per Unit Direct Materials Direct Labor Overhead per Unit Standard $ 12 $ 18 Deluxe $ 23 $ 27 < Required 2 Required 3 >