(Solved): Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following fo ...

Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Deluxe Standard $ 12 Direct materials $ 23 27 Direct labor 18 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. 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. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. Select Numerator $ 72,000 0 per direct labor hour Total budgeted overhead cost Total budgeted direct labor hours Select Denominator Required 2 > < Required 1 Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Deluxe Standard $ 12 Direct materials $ 23 27 Direct labor 18 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. 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. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. Model Plantwide Overhead Rate Hours per Unit Overhead Allocated per unit 36 per unit Standard Deluxe per direct labor hour per direct labor hour < Required 1 Required 3 $ > Shakti Company budgets overhead cost of $72,000 for the year. The company reports the following for its standard and deluxe models. Cost per Unit Deluxe Standard $ 12 Direct materials $ 23 27 Direct labor 18 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 6,000 direct labor hours. 2. 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. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total product cost per unit for both models. Cost per Unit Direct Materials Direct Labor Overhead $ 18 27 $ < Required 2 Standard Deluxe 12 $ 23 S Product Cost per Unit $ $ Required 3 > 54 86