Hi! This is accounting hw, I need help on Part B. Thank You!

Exercise 4-3 (Part Level Submission) American Fabrics has budgeted overhead costs of $1,136,520. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 516,600 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are: cutting (cost driver is machine hours) and design (cost driver is number of setups). overhead allocated to the cutting cost pool is $413,280 and $723,240 is allocated to the design cost pool. Additional information related to these pools is as follows. Wool Cotton Total Machine hours 229,600 1,722 114,800 1,148 114,800 Number of setups 574 LINK TO TEXT LINK TO TEXT (a) Your answer is correct Calculate the overhead rate using activity based costing and then calculate if the traditional approach were used. (Round answers to 2 decimal places, e.g. $12.25.) Overhead rates for activity-based costing Cutting 1.8 per machine hour Design 420 per setup Overhead rates using the traditional approach 2.2 per direct labor hour Click if you would like to Show Work for this question: Open Show Work (b) xYour answer is incorrect. Try again (1) Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing. Wool product line Cotton product line Overhead Allocated 206,640 206,640 (2) What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Wool product line Cotton product line Overhead Allocated 1,136,520 1,136,520 Open Show Work Click if you would like to Show Work for this question: LINK T XT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor