Franklin Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and testing than does Decoder Q. Because of these product differences, the company wants to use activity-based costing to allocate overhead costs. It has identified four activity pools. Relevant information follows: Cost Pool Cost Driver Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Total $ 75, 600 97,200 7,920 7,800 Number of units produced Number of programming hours Number of inspections Number of tests $188,520 Total overhead cost Expected activity for each product follows: Number of Number of Tests 1.500 Number of Units 19,000 35,000 Pro Number of Inspections 198 ing Hours Decoder P Decoder Q 2, 000 2,000 132 1,500 54,000 Total 4,000 330 3,000 Compute the overhead rate for each activity pool. b. Determine the overhead cost allocated to each product a. Complete this question by entering your answers in the tabs below. Required B Required A Compute the overhead rate for each activity pool. (Round your answers to 2 decimal places.) Allocation Rate Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Required B Required A Required A Required B Determine the overhead cost allocated to each product. (Round intermediate calculations to 2 decimal places.) Total Allocated Cost Decoder P Decoder Q Required A Required B