= Homework: Practice Homework Question 4, E5-29 (simila... Part 1 of 11 HW Score: 12.90%, 0,52 of 4 points O Points: 0 of 1 Save The job-costing system at Steph's Custom Framing has five Indirect-cost pocis (purchasing, material handing machine maintenance, product impection, and packaging). The company is in the process of bidding on to jobs Job 215. an order of 15 intricate personalized frames, and Job 325, an order of seven standard personalund frames. The controller warts you to compare overhead located under the current simple job-couting system and a newly designed activity based job.costing system. Total budgeted costs in each indred-cost pool and the budgeted quantity of each activity driver are as follows m Click the loon to view the cost and driver data) kalon to view the job dut) Read the requirements Requirement 1. Compute the total overhead located to each job under a simple costing system, where overhead is allocated based on machine hours Begin by calculating the overhead rate under the simple costing system Fist select the formula, then enter the applicable amounts and calculate the rate (Round your answer to the nearest cont. Abbreviations used bgt budgeled, mach machine, mat material, purch purchase a quantity) Budgeted overhead rate Simple conting system Steph's Custom Framing has five indirect-cost pools (purchasing, material handling, machine maintenance, product inspection, and packaging). jobs: Job 215, an order of 15 intricate personalized frames, and Job 325, an order of seven standard personalized frames. The controller wants y - the current simple job-costing system and a newly designed activity-based job-costing system. Total budgeted costs in each indirect-cost pool an Data Table al w e Budgeted Overhead S Budgeted Quantity of Activity Driver 2,500 4,900 32,500 b ans Purchasing Material handling Machine maintenance Product inspection Packaging 39,200 140,000 Activity Driver Purchased orders processed Material moves Machine-hours Inspections Units produced 10,000 1,300 5,200 9.300 3.100 226,200 Total Print Done