Crane 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 hov the resuits would differ if this system were used. Two activity cost pools were developed machining (machine hours) and machine setup (number of setups). The total estimated machine hours is 2700. and the total estimated number of setups is 510 . Presented below is information related to the company's operations. Total estimated overhead costs are $291,000. Overhead cost allocated to the machining activity cost pool is $189,000 and $102,000 is allocated to the machine setup activity cost pool. (a) \%our answer is incorrect. Compute the overhead rate using the traditional (plantwide) approach information related to each product's use of cost drivers. (Round answer to 0 decimal ploces eg. 12) Predetermined overhead rate 1. of direct labor cost