EcoFabrics has budgeted overhead costs of $$954,450.$ It has assigned overhead on a plantwide basis to its two products $($wool and cotton$)$ using direct labor hours which are estimated to be $454,500$ for the current year. The company has decided to experiment with activity$-$based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting $($cost driver is machine hours$)$ and design $($cost driver is number of setups$).$ Total estimated machine hours is $202,000,$ and total estimated number of setups is $1,515.$ Overhead allocated to the cutting cost pool is $$363,600$ and $$590,850$ is allocated to the design cost pool. Additional information related to product usage by these pools is as follows.

$\backslash$table$[[,$Wool,Cotton,$],[$Machine hours,$101,000,,101,000],[$Number of setups,$1,010,,505]]$

Vour answer is correct.

Calculate the overhead rate using activity based costing. $($Round per machine hour to $2$ decimal places, eg$.12\mathrm{.}25.)$

Overhead rates for activity$-$based costing

Cutting

$ per machine hour

Design

$s$ per s$$tup

eTextbook and Media

Your answer is incorrect

Determine the amount of overhead assigned to the wool product lime and the cotton product line using activity$-$based costing.

Wool product line

Overhead Allocated

eTextbook and Media

eTextbook and Media

$x$ Your answer is incorrect.

Calculate the overhead rate using traditional approach. $($Round answer to $2$ decimal places, e$.12\mathrm{.}25)$

Overhead rates using the traditional approach $ per direct labor hour

Cotton product line

$181600$

Refrence photo, someone please help