EcoFabrics has budgeted overhead costs of $1,115,100. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 531,000 for the current year. The company has decided to experiment with activity-based coating and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver la machine hours) and design (cost driver la number of setupa). Overhead allocated to the cutting coat poolla $424,800 and $690,300 la allocated to the design cost pool. Additional Information related to these pools laas follows. Wool Cotton Total Machine hours 118,000 118,000 236,000 Number of satura 1180 590 1770 (a1) Your answer la correct Calculate the overhead rate using activity based costing (Round answers to 2 decimal places, eg. 12.25) Overhead rates for activity-based coating Cutting $ D $ per machine hour per setup (a2) eTextbook and Media Your Answer Correct Answer Your answer la correct Attempts: 1 of 2 used Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based coating. Wool product line Cotton product line Overhead Allocated $ 672600 442500 (b1) eTextbook and Media Solution Your answer la correct Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, eg. 12.25.) Overhead rates using the traditional approach $ (62) eTextbook and Media 2.10 per direct labor hour Attempts: 2 of 2 used Attempts: 1 of 2 used What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Wool product line Cotton product line Overhead Allocated $ $