Data Table Assembly Packaging Total Department Department $ 460,000 $ 164,000 $ 624,000 Overhead costs Machine hours: Basic Model Professional Model Total 195,500 MHr 92,000 MH 287,500 MH 74,500 MHr 158,000 232,500 270,000 MHr 250,000 520,000 MHr MHr MHr Direct labor hours: Basic Model Professional Model Total 22,000 DLHr 410,000 DLHr 432,000 80,000 DLHr 330,000 DLHr 410,000 102,000 DLHr 740,000 DLHr 842,000 DLHr DLHr DLHr Print Done Vernon makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $624,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled EEB (Click the icon to view the data.) Read the requirements Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty- quantity. Enter the allocation rates to the nearest cent.) smunis s Predetermined OH allocation rate Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty quantity.) Allocated mfg. overhead costs Vernon makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $624,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled (Click the icon to view the data.) Read the requirements department. (Abbreviation used: Qty quantity. Enter the allocation rates to the nearest cent.) Predetermined OH -allocation rate Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty quantity.) -Allocated mfg. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Basic Model Professional Model Manufacturing overhead-Assembly Manufacturing overhead-Packaging Total manufacturing overhead cost