Coronado inc. has fwo types of handoass standard and custom. The controller has declded to use a plantulde omrfieia nate based on direct labor costs. The president has heard of activity based costing and wants to see how the rewits would difer if this system were used. Tiso activity cost pools were developedi machining imachine hours) and machine setup thumber of setups). Ihe total estimated. machine hours h 3000 and the total estimated number of setups is 510 . Presented below is informatlon related to the compap/s operations Total estimuted evertiead costs are $312,000. Overhead cost allocated to the machining actlvity cost peol is $210000, and $102000 is alocated to the machine setup activity cost poof. (a) Compute the orerhead rate using the traditional (plantwide) approads intormation related to each product's use of cost divers: Round onsiver to 0 decinal plases, es, 123 Predetertnined overtiead rate W of direct labor cost