Overhead Suppose that all costs have been compiled for a certain manufacturing firm for last year. The summary is shown in the table below. The company operates two different manufacturing plants plus a corporate headquarters. Determine (a) the factory overhead rate for each plant, and (b) the corporate overhead rate. These rates will be used by the firm to predict the following year’s expenses. Expense Category Plant 1 (₹) Plant 2 (₹) Headquarters (₹) Total ( ₹) Direct Labor 8,00,000 4,00,000 - 12,00,000 Materials 25,00,000 15,00,000 - 40,00,000 Factory Expense 20, 00, 000 11,00,000 - 31,00,000 Corporate expense - - 72,00,000 72,00,000 Total 53,00,000 30,00,000 72,00,000 15,500,000