Lily Company operates asnow-removal service The company owns five trucks, each of which has a snow plowin the front to plow driveways and a snow thrower in the beck to clear sidewalks. Because plowing snow is very tough on trucks, the company incurs significant maintenance costs. Truck depreciation and maintenance represents a significant portion of the company's overhead. The company removes snow at residential locations, in which case the drivers spend the bulk of their time walking behind the snowthrower machine to clear sidewalks. On commercial jobs, the drivers spend most of their time plowing Lily assigns overhead based on labor hours. Total estimated overhead costs for the year are $40,520. Total estimated labor hours are 1.000 hours. The average residential property requires 0.5 hours of labor, while the average commercial property requires 2.5 hours of labor. The following additional information is available. Determine the predetermined overhead rate under traditional costing (Round answer to 2 decimal ploces, es. 12.25.) Predetermined overhead rate: $ Aaborhour eTextbook and Media Attemptsi untimited (b) Determine the amount of overhead assigned to the werage residential job using traditional costing based on labor hours (Round answer to 2 decimal places, es 12.25 ) Amount of overheadassigned 5 Determine the activity-based overhead rates for each cost pool. (Round answers to 2 decimal places, eg 12.25) eTextbook and Media Attempts: unlimited (d) Determine the amount of overhead assigned to the average residential job using activity-based costing. Assume that the average residential job has 20 squareyards of plowingand 6olinear fset of snow throwing thound answer to 2 decimal places, es. 1250s Amount of overheed assisned 5