Koehler makes handheld calculators in two models-basic and professional. Koehler estimated $624,000 of manufacturing overhead and 520,000 machine hours for the year. The basic model actually consumed 270,000 machine hours and the professional model consumed 250,000 machine hours. Koehler 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 and Packaging Department. The following data have been compiled: (Click the icon to view the data.) Read the requirements Requirement 1. 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. (Enter the allocation rates to the nearest cent..) Predetermined OH allocation rate Data table Overhead costs $ Assembly Department 460,000 Packaging Department Total $ 164,000 $ 624,000 Machine hours: Basic Model Professional Model 125,500 MH 162,000 MHr 144,500 MH 88,000 MH 270,000 MHr 250,000 MH Direct labor hours: Basic Model 28,000 DLH 80,000 DLH Professional Model 280,000 DLHr 330,000 DLHr 108,000 DLH 610,000 DLHr Requirements 1. 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 2. How much overhead is allocated to the basic model? To the professional model? Print Done Clear all Check answer