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Use the following information for the Quick Studies below. $($Algo$)$

Rafner Manufacturing has the following budgeted data for its two production departments.

QS $17-8($Algo$)$ Allocating overhead with departmental rates LO P$2$

Allocate overhead to a job that uses $70$ direct labor hours in the Assembly department and uses $50$ machine hours in the Finishing

department.

Exercise $17-1($Algo$)$ Using plantwide overhead rate to allocate overhead LO P$1$

Shakti Company budgets overhead cost of $$104,000$ 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 $6,500$ 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 $6,500$ direct labor hours.