Exercise 17-2 (Static) Computing plantwide overhead rate LO P1 Hydro Sports budgets overhead cost of $420,000 for the year. The company manufactures two types of jet skis standard and deluxe Budgeted direct labor hours per unit are 8 for the standard model and 12 for the deluxe model. The company budgets production of 100 units of the standard model and 100 units of the deluxe model for the year. 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours 3. Compute overhead cost per unit for each model using the plantwide overhead rate Actual direct labor hours per unit are 8 for the standard model and 12 for the deluxe model Required 1 Required 2 Required 3 Compute the total number of budgeted direct labor hours for the year. Model Number of Units Direct Labor Hours per Unit Budgeted Direct Labor Hours Standard Deluxe Total 0 RI Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the plantwide overhead rate using budgeted direct labor hours. 0