Exerclse $17-1($Algo$)$ Using plantwlde overhead rate to allocate overhead LO P$1$

Shakti Company budgets overhead cost of $$93,000$ for the year. The company reports the following for its standard and deluxe

models.

Compute a single plantwide overhead rate assuming the company allocates overhead cost based on $6,200$ direct labor hours.

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.

Compute the total product cost per unit for both models.

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Compute a single plantwide overhead rate assuming the company allocates overhead cost based on $6,200$ direct labor hours.