Rafner Manufacturing identified the following budgeted data in its two production departments. Manufacturing overhead costs Direct labor hours Machine hours Assembly $1,137,700 11,300 DLH 5,300 MH Finishing $530,000 19,300 DLH 15,300 MH Required: 1. What is the company's single plantwide overhead rate based on direct labor hours? 2. What is the company's single plantwide overhead rate based on machine hours? 0 Rafner Manufacturing identified the following budgeted data in its two production departments. Manufacturing overhead costs Direct labor hours Machine hours Assembly $1,247,500 12,500 DLH 6,500 MH Finishing $650, eee 20,500 DLH 16,5ee MH Required: What is the company's Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing A manufacturer uses activity-based costing to assign overhead costs to products Budgeted cost information for selected activities for next year follows Activity Expected Cost Cost Driver Expected Usage of Cost Driver Purchasing $81,400 Purchase orders 3,700 purchase orders Cleaning factory 28,000 Square feet 4,200 square feet Providing utilities 50,120 Square feet 4,200 square feet Compute activity rates for each of the cost pools (Round your answers to 2 decimal places.) Expected Costs Activity cost pool Purchasing Factory Expected Amount of Cost Driver 3.700 4.200 Activity Overhead Rate per purchase order per square foot Check my w Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $715,000 990,000 195,000 265,000 390,00 165, eee Expected Activity 100,000 parts 1,500 batches 7ee orders See invoices 40,000 square feet 2 models Required: Compute the activity rate for each activity, assuming the company uses activity-based costing (Round activity rate answers to 2 decimal places.) Activity Rate Activity Handling material Inspecting product Processing orders Paying suppliers Insuring factory Designing packaging Expected Costs $ 715,000 990,000 195,000 265,000 390,000 165,000 $ 2,720,000 Activity Driver 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models