Textra produces parts for a machine manufacturec. Parts go through two departments, Moiding and Trimming. The company budgets overhead cost of $252,500 in the Molding department and $212,500 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. 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. 20 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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. (x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the plantwide overhead rate using direct iabor hours as the allocation base. Required: 1. Compute the plantwide overhead rate using direct labor hours os 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. Determine the overhead cost per unc for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per unit' to. 2 decimat plecen