Altextac manufactures two products car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Car 42,000 Estimated wheels produced Direct labor hours per wheel Truck 15,000 3 Total estimated overhead costs for the two product lines are $835,200. (1) Your answer is correct Calculate overhead rate (Round answer to 2 decimal places, es 1225) Overhead rate 9.80 per direct labor hour eTextbook and Media Attempts: 3 of 4 used Using multiple attempts will impact your score 25% score reduction after attempt 3 (a2) Your answer is correct Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs Car wheels 5 43200 Truck wheels 5 Hermann is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the truck wheels product line because of its complexity. He therefore develops the following three activity cost pools and related cost drivers to better understand these costs. Activity Cost Pools Setting up machines Assembling Inspection Estimated Use of Cost Drivers 1,000 Setups 87.000 labor hours 1.200 inspections Estimated Overhead Costs $174,000 348.000 313.200 Compute the activity based overhead rates for these three cost pools. Overhead Rates Setting up machines S Assembling S Inspection $