Current Attempt in Progress Paul White has been studying his department's profitability reports for the past six months. He has just completed a managerial accounting course and is beginning to question the company's approach to allocating overhead to products based on machine hours The current department overhead budget of $1.142.940 is based on 38,098 machine hours. In an initial analysis of overhead costs. Paul has identified the following activity cost pools Expected Activities Cost Pool Expected Cost Product assembly 729,000 40,500 machine hours Machine setup and calibration 291,400 4,700 setups Product inspection 57,540 1,370 batches Raw materials storage 65.000 260,000 pounds $ 1.142.940 Paul White is taking the next step in his exploration of activity-based costing and wants to examine the overhead costs that would be allocated to two of the department's four products. He has gathered the following budget information about each product Driver Usage Component 3F5 Component 176 Machine hours 1.040 10,800 Setups 40 22 Batches 201 10 Pounds of raw materials 10,000 10,000 (a) Calculate the total overhead allocated to each component under the traditional method using machine hours as the overhead application base. Component 3F5 Total Overhead allocated $ Component 176 (b) Calculate the total overhead allocated to each component under activity-based costing (Round overhead nates to 2 decimal places eg. 5.27 and round final answers to O decimal places, eg. 5.275) Component 3F5 Component 176 Total Overhead allocated $ $ eTextbook and Media Save for Late Attempts: unlimited Submit Ar