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 Total Cost Driver Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Total overhead cost Expected activity for each product follows: $ 64,900 88,160 6,160 Number of units produced Number of programming hours Number of inspections 7,040 Number of tests $ 166,260 Number of Number of Programming Number of Number of Units Hours Inspections Tests Decoder P 19,000 2,500 199 1,500 Decoder Q 40,000 1,300 81 1,700 Total 59,000 3,800 280 3,200 Required a. Compute the overhead rate for each activity pool. b. Determine the overhead cost allocated to each product. Complete this question by entering your answers in the tabs below. Required A Required B Compute the overhead rate for each activity pool. Note: Round your answers to 2 decimal places. Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Allocation Rate < Required A Required B > a. Compute the overhead rate for each activity pool. b. Determine the overhead cost allocated to each product. Complete this question by entering your answers in the tabs below. Required A Required B Determine the overhead cost allocated to each product. Note: Round intermediate calculations to 2 decimal places. Total Allocated Cost Decoder P Decoder Q < Required A Required B >