Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models.

Cost per Unit	Standard	Deluxe
Direct materials	$ 12	$ 23
Direct labor	18	27

1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models.