Exercise 04-3 Computing plantwide overhead rates LO P1

Exercise 04-3 Computing plantwide overhead rates LO P1 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 Expected costs Expected Activity Handling materials $ 220,000 100,000 parts Inspecting product 995,000 1,500 batches Processing purchase orders 200,000 700 orders Paying suppliers 270,000 500 invoices Insuring the factory 395,000 40,000 square feet Designing packaging 170,000 2 models N Required: 1. Compute a single plaritwide overhead rote 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 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. 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 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 overhepd rate. (Round "OH cout answers to 2 decimal places) Total DL Hours required Plantwide OH Rate Total Overhead Cost Deluxe model Basic model