Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.) Overhead rates for activity-based costing Cutting $ Design eTextbook and Media 204000 per machine hour 1530 per setup Your answer is correct. Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing. Overhead Allocated $ Wool product line 581400 Cotton product line 382500 eTextbook and Media