Shakti Co. budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models.

1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours.
2. The standard model uses 2 direct labor hours per unit and the deluxe model uses 3 direct labor hours per unit. Compute overhead cost per unit for each model.
3. Compute the total product cost per unit for both models.

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Cost per Unit Direct materials .... Direct labor........ Standard $12 18 Deluxe $23 27