Name UNIT 2-Homework (ACE) #3 Problem 2 Chloe's Clockworks produces grandfather clocks in two departments-the Cabinet Division and the Mechanisms Division. The company uses separate predetermined overhead allocation rates for each department to allocate its overhead. Cabinet and Mechanisms have estimated manufacturing overhead costs of $136,950 and $163,680, respectively. The Cabinet Division uses machine hours as the allocation base, and the Mechanisms Division uses direct labor hours as the allocation base. The total estimated machine hours were 33,000, and direct labor hours were 22,000 for the year. Calculate the departmental predetermined overhead allocation rate for each Division. (Round your answer to the nearest cent.) Cabinet Division Mechanisms Division