Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $695,000 970,000 175,000 245,000 370,000 145,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. Answer is complete but not entirely correct. Required 1 Required 2 . ***HERE........... Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. Actual overhead costs $ 17.44 per direct labor hour 2,180,000 X = 125,000 Estimated direct labor hours Required 1 Required 2 In January of this year, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. (Round "OH cost" answers to 2 decimal places.) Deluxe model Basic model Total DL Hours Plantwide OH Total Overhead required Rate Cost 2,500 $ 17.44 X $ 43,600 X 6,000 17.44 104,640 X + c Save Page As... Save Page to Pocket Send Page to Device View Background Image Select All