Keenan makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $624,000 of manufacturing overhead has been divided into two cost pools: Assembly Department ar 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 amounts to compute the allocation rate for each department (Abbreviation used: Qty - quantity Enter the allocation rates to the nearest cent) Predetermined OH allocation rate 0 - Estimated qly of the allocation base Data Table Estimated overhead costs 460000 X Assembly 287500 16 04 Packaging 164000 410000 How much overhead is allocated to the basic model? To the professional model? Assembly Department 460,000 Packaging Department 164,000 Total 5 $ 624,000 Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used. Oly = quantity.) Predetermined OH allocation rate x Actually of the allocation base used Allocated mig overhead costs Overhead costs Machine hours Basic Model 165.500 MHT 104,500 MHI 270 000 MH Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Professional Model 128.000 MHE 122.000 MH 287.500 MHE 250.000 MHE 520,000 MH Professional Model 232.500 MHE Basic Model 264800 Total Manufacturing overhead - Assembly Manufacturing overhead-Packaging Direct labor hours: Basic Model Professional Model 50,000 DLH 70,000 DLH 120,000 DLHO Total manulacturing overhead cost 340,000 LH 360,000 DLHO 410 000 LH 700.000 DUHE Tatal 410,000 DLH 320.000 DLH Print Done