EcoFabrics has budgeted owerhead costs of \$1,171,800. It has assigned overthead on a plantwide basis ta its two products (wool and cotton) using direct labor hours which are estimated to be 5.58,000 for the current year. The company las decibed to experiment with activity-based costing and has created two activity cost pools and related activity oost divers. These two cost pools are cuitins koit driver is machine hours) and design (cost driver is number of setups). Total estimated manhine bours is ? 4.000 , and total eutinutest number of setups is 1,860 . Overhead allocated to the cuttin cost pool is $446,400 and $725,400 is allocated to the designcos pool Additional information related to product usage by these pools is as follows. Calculate the overhead rate using activity based costing. Round per machine bou to 2 decind place, 12,1225 ) the amount of overhead assigned to the wool product line and the cotton product line using activity-based costing eTextbook and Media Overhead rates using the traditional apgroach Calculate the over head rate using traditional aporoach, Round answer to 2 decimal places, es. 12.25. Overhead rates using the traditional approach per direct labor hour eTextbook and Media What ampunt of oree head would be assigned to the wool and cottan product lines using the tracitional approvet assumaig direct