Goodson makes handheld calculators in two models - basic and protessional Goodson estmatod $721,000 of manufacturing overhead and 515.000 machine hours for the year. The. basic model actually consumed 230,000 machine hours, and the professional model consumed 285,000 machine hours. The predefermined overhead allocation rate using machine hours as the allocation base is $1:40 per machine hour, with tho allocatod ovechoad costs split between the basic model and the professional model by $322,000 and 5399,000 . respecthols (Cack the icon to view the data using muhiple department allocation rates) (Click the icoe to viow additional data ) Data table Requirements 1. Goodson expects to produce 220,000 basic models and 220,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? Round the materials handling allocation rate to four decimal places and the remaining allocation rates to the nearest cent. 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates by summarizing the total and per unit overhead allocated to each model under each of the three different allocation methods. Round per unit amounts to the nearest cent. What conclusions can you draw? Requirement 1. Goodson expects to produce 220,000 basic models and 220,000 professional models. Compute the predetermined overhoad allocation ratos using acfivity based costing How much overhead is allocated to the basic model? To the professional model? Round the materials handling allocation tate to four decimal places and the remaining allocation rates to the nearest cent Begin by selocting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the alloc ation rat. sach actuily. (Abbeviation used Oty = puantify Enter the materials handing allocatlon rate to four deckal places, and the remaining allocation rates to the nearest c. it) Goodson makes handheld calculators in two models - basic and protessional Goodson estmatod $721,000 of manufacturing overhead and 515.000 machine hours for the year. The. basic model actually consumed 230,000 machine hours, and the professional model consumed 285,000 machine hours. The predefermined overhead allocation rate using machine hours as the allocation base is $1:40 per machine hour, with tho allocatod ovechoad costs split between the basic model and the professional model by $322,000 and 5399,000 . respecthols (Cack the icon to view the data using muhiple department allocation rates) (Click the icoe to viow additional data ) Data table Requirements 1. Goodson expects to produce 220,000 basic models and 220,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? Round the materials handling allocation rate to four decimal places and the remaining allocation rates to the nearest cent. 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates by summarizing the total and per unit overhead allocated to each model under each of the three different allocation methods. Round per unit amounts to the nearest cent. What conclusions can you draw? Requirement 1. Goodson expects to produce 220,000 basic models and 220,000 professional models. Compute the predetermined overhoad allocation ratos using acfivity based costing How much overhead is allocated to the basic model? To the professional model? Round the materials handling allocation tate to four decimal places and the remaining allocation rates to the nearest cent Begin by selocting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the alloc ation rat. sach actuily. (Abbeviation used Oty = puantify Enter the materials handing allocatlon rate to four deckal places, and the remaining allocation rates to the nearest c. it)