Required information Use the following Information for the Quick Studles 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 $ 697,000 144,000 79,000 $920,000 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. Complete this question by entering your answers in the tabs below. 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 Required 1 Required 2 > 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 fest. Activity Handling materials Quality inspection Purchasing Total Budgeted Overhead Cost $697,000 144,000 79,000 $920,000 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. Complete this question by entering your answers in the tabs below. 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. Plantwide Direct Labor Overhead Rate Hours per Unit Overhead Cost per Unit Standard Fast