Required information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following budgeted data for this year. The company manufactures two types of scooters: standard and fast. Activity Handling materials Quality inspection Purchasing Total Budgeted Overhead Cost $ 669,000 123,000 58,000 $ 850,000 Budgeted Activity 100,000 parts 1,500 inspections 1,000 orders QS 17-4 (Algo) Computing plantwide overhead rate LO P1 1. Compute a single plantwide overhead rate assuming that the company allocates overhead cost based on 10,000 budgeted direct labor hours. 2. The standard model uses 5 direct labor hours per unit, and the fast model uses 10 direct labor hours per unit. Compute overhead cost per unit for each model. Required 1 Required 2 Compute a single plantwide overhead rate assuming that the company allocates overhead cost based on 10,000 budgeted direct labor hours. Numerator Denominator II = Required 1 Required 2 The standard model uses 5 direct labor hours per unit, and the fast model uses 10 direct labor hours per unit. Compute overhead cost per unit for each model. Standard Fast Plantwide Direct Labor Overhead Rate Hours per Unit Overhead Cost per Unit Required information Use the following information for the Quick Studies below. (Algo) Chan Company identified the following budgeted data for this year. The company manufactures two typ standard and fast. Activity Handling materials Quality inspection Purchasing Budgeted Overhead Cost $ 669,000 123,000 58,000 Budgeted Activity 100,000 parts 1,500 inspections 1,000 orders Total $ 850,000 S 17-5 (Algo) Computing overhead rates using ABC LO P3 ompute an overhead activity rate for each activity assuming the company uses activity-based costing. (Rour ecimal places.) ctivity Budgeted Cost Budgeted Activity Usage andling materials 669,000 Quality inspection Purchasing 123,000 58,000 EA 850,000 Activity Rate