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15: (4 Points). Siding Company manufactures 3 types of siding for hames: Tin, Wood and...

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15: (4 Points). Siding Company manufactures 3 types of siding for hames: Tin, Wood and Vinal. The budgeted factory overhead cost is $3,000,000. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volumes and direct labor hours / unit: Expected Volume Direct Labor Hours / Unit Tin 5,000 units 5.0 Wood 4,000 units Vinal 2,000 units 3.0 7.0 Calculate 1: the Single Plantwide Overhead Rate, and 2: The overhead allocated to each product Round any answers to 2 decimal places. Hint: you will need to calculate the total activity base as it is not given! Rate: Overhead Per Unit: Vinal Wood Tin 16: (2 Points). In your opinion and your own words, why would a company choose to use activity based costing vs the single department method or the multiple department method

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