ESSAY. Write your answer in the space provided. FOR PARTIAL CREDIT, SHOW ALL CALCULATIONS 21) [10 points] The controller for Alabama Cooking Oil Company established the following overhead cost pools and cost drivers: Overhead Cost Pool Budgeted Overhead Machine setups $ 186,000 Cost Driver Estimated Cost Driver Level 120 setups 7,800 barrels Material 124,800 Number of setups Number of barrels handling Quality 316,200 Number of 1,020 inspections control Other overhead 172,500 cost Number of machine 11,500 machine hours hours An order of 800 barrels of cooking oil used: inspections Number of setups. Number of barrels Number of inspections 14 800 22 Number of machine hours 1,100 Required: (1) What is the overhead rate per machine hour if the number of machine hours is used as a single cost driver under traditional costing system? (2) Using volume-based costing, how much overhead is assigned to the order based on machine hours as a single cost driver? (3) Using ABC costing, how much total overhead is assigned to the order?