Question 7 2 pts Crinkle Cut Clothes Company manufactures two products CC1 and CC2. Current direct material and direct labor costs are detailed below. Next year the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $338,250. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $28 per hour and the company expects to manufacture 22,000 units of CC1 and 91,000 units of CC2 next year. Direct Labor Dollars Direct Material per Unit $ 37.10 $ 25.20 per Unit CC1 CC2 $ $ 22.40 15.40 Compute the plantwide overhead rate for next year. Question 3 2 pts Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units............ % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units 5,000 units 70% 25% $7,350 $3,125 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for June: 4,000 units 40% 10% Materials Conversion costs $96,975 $79,470 Compute cost per equivalent unit for materials for June