Lily. Inc produces two types of gas grills: a family model and a deluxe model, tily's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the compamy recently heard of activity-based costing and wants to see how the results would differ if this systern were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations: Total estimated overhead costs are $455,400. Overhead cost allocated to the machining activity cost pool is $273,240 and $182.160 is allocated to the machine setup activity cost pool. Compute the over head rate using the traditional folantwidel aporoach (Found arawer to 2 decind ploces, es, 15.25) Orethead rate: eTextbook and Media Assistance Attempts:20 (b) Your anmer hi correct Determine the difference in allocation be tween the two approuches. eTrotbookand Mecfia Assistance L Attempta: 2 of 3 wied (d)