Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts Deluxe and Basic. Activity Expected Costs $625,000 900,000 105,000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging 500 invoices 40,000 square feet 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 1 Required 2 Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours $ 2,180,000$ Estimated overhead costs 19.38 per direct labor hour Estimated direct labor hours 112,500 Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts Deluxe and Basic. Activityy Expected Costs $625,000 900,000 105, 000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging 500 invoices 40,000 square feet 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 1 Required 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.) Total DL Hours Plantwide OH Total Overhead Rate Cost required Deluxe model 6,000 s 17.44 $ 1,004,640 2,500 $ 17.44$ Basic model 43,600