Xie Company identified the following activities costs and activity drivers for 2015. The company manufactures two types of go-karts: Deluxe and Basic. Activity Expected Cost Expected Activity Handling materials 625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 orders 175,000 Paying suppliers 500 invoices Insuring the factory 300,000 40,000 square feet 75,000 2 models Designing packaging Required: 1. Compute a single plantwide overhead rate assuming that the company assigns overhead based on 125,000 budgeted direct labor hours