E19-16 (similar to) :3 Question Help Tackett 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 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.) Predetermined OH allocation rate x Data Table Requirement -X Assembly Department 460,000 $ Packaging Department 164,000 $ Total 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. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars. Overhead costs $ 624,000 Machine hours: Basic Model 184,000 MHT 103,500 MHT 86.000 MHr 146,500 MHT 270,000 MHT 250.000 MHT Print Done Professional Model 287,500 MHT 232,500 MHr 520,000 MHr Total Direct labor hours: Basic Model 28,000 DLHO 235,000 DLHr 45,000 DLHO 365,000 DLHO 73,000 DLHO 600,000 DLHO Professional Model 263,000 DLHO 410,000 DLHO 673,000 DLHO Total Print Done