Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Textra produces parts for a machine manufacturer. Parts go through two departments, Molding and Trimming. The company budgets overhead cost of $246,250 in the Molding department and $206,250 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. Number of Holding Department Unita Part 3,000 Hours per Unit 2.0 MR per unit Total Hours Trinning Department Hours per Unit Total Hours Part X Totals 4,000 2.5 M per unit 6,000 MH 10,000 MH 3 DLH per unit 4 DLH per unit 9,000 DLH 16,000 DLM 16,000 MH 25,000 DLR ces 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. ces production information follows. Number of Molding Department Units Hours per Unit Part 3,000 2.0 Mil per unit Part X 4,000 2.5 Mil per unit Totals Total Hours Hours per Unit. Trimming Department Total Hours 6,000 MH 10,000 MN 16,000 3 DLH per unit 9,000 DLH 4 DLH per unit 16,000 DLH 25,000 DLH 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the plantwide overhead rate using direct labor hours as the allocation base. Budgeted overhead costs Budgeted direct labor hours 25,000 Required 1, per direct labor hour Required 2 > 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the overhead cost per unit for each part using the plantwide rate. (Round "Plantwide Overhead Rate" and "Overhead cost per unit to 2 decimal places.) Part Z x Plantwide Overhead Rate Activity Usage per direct labor hour direct labor hours per direct labor hour direct labor hours < Required 1 Required 2 > Overhead cost per unit