Bramble Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the companys operations. Standard Custom Direct labor costs $50,000 $100,000 Machine hours 1,200 1,200 Setup hours 90 390 Total estimated overhead costs are $292,800. Overhead cost allocated to the machining activity cost pool is $192,000, and $100,800 is allocated to the machine setup activity cost pool. (a) Your Answer Correct Answer Incorrect answer icon Your answer is incorrect. Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate enter the predetermined overhead rate as a percentage of direct labor cost 290.48 % of direct labor cost eTextbook and Media Solution Attempts: 3 of 3 used (b) Compute the overhead rates using the activity-based costing approach. Machining $enter a dollar amount per machine hour per machine hour Machine setup $enter a dollar amount per setup hour per setup hour