ges Keenan makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $721,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: (Click the icon to view the data.) Read the requirements. Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty quantity. Enter the allocation rates to the nearest cent.) Estimated overhead costs Assembly Data table Estimated qty of the allocation base = Predetermined OH allocation rate Assembly Department Packaging Department 650,000 $ 71,000 $ Total Overhead costs $ 721,000 Machine hours: Basic Model 145.000 MHr 105,000 MHr 85,000 MHr 180,000 MHr Professional Model 250,000 MHr 265,000 MHr 230,000 MHr 285,000 MHr 515,000 MHr Total Direct labor hours: Basic Model Professional Model 35,000 DLHr 90,000 DLHr 125,000 DLHr 60,000 DLHr 650,000 DLHr 95,000 DLHr 740,000 DLHr 710,000 DLHr 835,000 DLHr Total Print Done Requirement Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars. Print Done Clear all Check