ts Farmer's Fine Furnishings manufactures upscale custom furniture. Farmer's currently uses a plantwide overhead rate based on direct labor hours to allocate its 51,170,000 of manufacturing overhead to individual jobs. However, Dede Johnson, owner and CEO is considering refining the company's costing system by using departmental overhead rates Currently, the Machining Department incurs 5735,000 of manufacturing overhead while the Finishing Department incurs 5435,000 of manufacturing overhead Dede has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department G Click the icon to view the lob information) Requirement 1. Compute the plantwide overhead rate assuming that Farmer's expects to incur 26,000 total DL hours during the year. First identify the formula, then compute the rate (Round your answer to the nearest whole dollar) Plantwide overhead rate