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Bonita, Inc. produces two types of gas grills: a family model and a deluxe model. Bonita's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup, Presented below is information related to the company's operations: Direct labor costs Family Model $76,800 Deluxe Model $153,600 Machine hours 2.000 2000 Setup hours 200 800 Total estimated overhead costs are $460,800, Overhead cost allocated to the machining activity cost pool is $276,480 and $184,320 is allocated to the machine setup activity cost pool. (a) Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places,cs. 15.25.) Overhead rate $ 2 e Textbook and Media Your answer is correct. Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal places, eg. 15.25) Overhead Rate Machining 6912 per hour Machine set up $ 18432 per hour e Textbook and Media Attempts: 1 of 3 used (c) Determine the difference in allocation between the two approaches. Family Model Deluxe Model Traditional $ $ ABC $ $ Difference $ $