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 $710,000 985,000 190,000 260,000 385,000 160,00 Expected Activity 1 00,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 budgeteg 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours