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 Expected Costs $625,000 Inspecting product 900,000 Processing purchase orders 105,000 Paying suppliers 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Insuring the factory Designing packaging 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. Deluxe Activity Handling materials Activity Rate per part Inspecting product Processing orders Paying suppliers per batch Cost driver quantity incurred OH Allocated 20,000 parts per order: per invoice Insuring factory Designing packaging per sq. ft. per model Basic Activity Avity Rate Cost driver quantity incurred OH Allocated Handling materials Inspecting product Processing orders Paying suppliers Insuring factory Deeinninn narkaninn 40 000 00