Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic Expected Expected Activity Activity Handling materials Inspecting product Processing purchase Costs 100,000 parts 1,500 batches $625,000 900,000 105,000 700 orders orders Paying suppliers 500 invoices 175,000 40,000 Square feet Insuring the factory 300,000 Designing packaging 75,000 2 models Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January 2017, 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. = Required 1 Required 2 Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic Expected Expected Activity Activity Handling materials Inspecting product Processing purchase Costs $625,000 900,000 100,000 parts 1,500 batches 105,000 700 orders orders Paying suppliers 500 invoices 175,000 40,000 Square feet Insuring the factory 300,000 Designing packaging 2 models 75,000 Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January 2017, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct lab hours. Assign overhead costs to each model using the single plantwide overhead rate. Complete this question by entering your answers in the tabs below. Required Required 1 2 In January 2017, 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.) Show less Total Total DL Plantwide Overhead Hours OH Rate required Cost Deluxe model Basic model Required 1 Required 2