Meli Corporation manufactures two products: Product L61P and Product B60E. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products L61P and B60E. Activity Cost Pool Machining Machine setups Product design Order size Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Activity Measure Machine-hours Number of setups Number of products Direct labor-hours Product Product L61P B60E 6,000 8,000 290 1 7,000 160 1 3,000 Total Cost $ 280,000 Total Activity 14,000 MHS $ 225,000 450 setups $ 84,000 $ 310,000 2 products 10,000 DLHS Using the plantwide overhead rate, the percentage of the total overhead cost that is allocated to Product B60E is closest to: Multiple Choice 31.37% 30.00% 10.34% 50.00%