Current Attempt in Progress Concord, Inc. produces two types of gas grills: a family model and a deluxe model, Concord's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heand 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 intormation related to the company's operations: Total estimated overhead costs are $432,000. Overhead cost allocated to the machining activity cost pool is $259,200 and $172,800 is aliocated to the machine setup activity cost pool. Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach (Round answer to 2 afecimat places, eg. 15.25.1. Overhead rate Your answer is correct. Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal ploces, es. 15.25. ) Determine the difference in allocation between the two approaches