5addle Inc. has two types of handbags: standard and custom. The controller has declded to use a plantwlde overhead rate based on direct labor costs. The president has heard of activity-be sed costing and wants to see how the results would ciffar if this sysbam are uscd. Two activity cost popls wern developed: machining and machine sctup. Presented balaw informatian related bo the campany's operations Standard Custom Dirpct labor casbs s54.000 t107.000 Machine hours 1.490 1,150 Sctup haurs 102 420 Total atimated overhead cost $296,000. Overhoad cost allacabad to the machining a $19G,000, and $100,000 is allacatad to the machine setup activity cost pool. poc "() Your anser Is correct. o 2 decimal places, e.g. 12.25.) Compute the overhead rate using the traditional (plantwide) approach. (Round answer Predetermined pverhead rabe a3 as% diract labpr cost Attempts: 1 of 3 used *(b) Carmpute the Dverhoad rabes using the activity-based casting approach. (Round answers to decimal places, e.g. 12.25.) per machine hour Machining Machine setup per setup hour Attempts: 0 of 3 used