Goodson makes handheld calculators in two models--basic and professional and wants to refine its costing system by allocating overhead using departmental rates. The estimated 5892.500 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 arrounts to compute the allocation rate for each department. (Abbreviation used: Qly = quantity, Enter the allocation rates to the nearest cent.) Predetermined OH alocation rate Data Table Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Oly = quantity. Assembly Department 450,000 Packaging Department 442.500 Total S 892.500 $ S Overhead costs Machine hours = Allocated mig overhead costs 135,500 MH 150.000 MHT Compute the total overhead allocated to the basic mode, and then compute the total overhead allocated to the professional model, 114,500 MH $75,000 MHC 14,500 MHE 260,500 MHT 275,000 MH Basic Model Professional Model 250,000 MH 525.000 MHT Manufacturing overhead Assembly Manufacturing overheadPackaging Total manufacturing overhead cost Professional Model Total Direct labor hours: Basic Model 40,000 DLHO 60,000 DLHO 100 000 DLHO Professional Model 26,875 DLHT 493,125 DLHT 20 000 DLH Total 68.675 DLHO 553,125 DLH 620 000 DLHO i Requirement Print Done 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 allocaled casts to whole calars Print Dane