Cancort, inc produces two types of gas erills a family model and a delune model. Concotd's controlier has decided to use a plunfwide oveihead rate birsed on direct laber costs. The president af the company recently heard ef activity basod costing ard wanti to see haw the results would differ if this system were used. Two actiyity cost pooks were deyeloped machining and machine setye Precented below is intormation related to the company's cpcrations: Total estinated ovemhead costs are $432000. Overhead cont allocatod to the machining activity cost pool is $259200 and 5172.800 Is allacated to the machine setup ativity cont pool. Total estimated overheid costs are $432,000. Overhead cost allocated to the machining activity cost pool is $259,200 and $172.800. is allocated to the machine setup activity cost pool. (a) Compute the oyerbead rate using the traditional (plantwibe) approxh. (Round answer to 2 decimal places, ey. 15.25.) Overlvead rate.: eTextbook and Media. Attempts:0 of 3 used (b) The parts of this question must be completed in order. This part wil be available when you complnte the part aboue