Prescott makes handheld calculators in two models-basic and prolessional-and wants to refine its costing system by allocating ovechead using departmental rales. The estimated $851,500 of manulacturing overtead has been divided into two cost pools: Assembly Dopartment and Packaging Dopartment. The following data have been campled: (Click the loon to view the data) Read the reavioments Compute the predetermined overhead allocation ratos using machine hours as the allocation base for the Assembly Department and drect labor hours for the Packaging Department. Begin by selecting the formula to calculste the predetermined overhead (OH) alocation rate. Then enter the amounts to compute the allocason rate for cach dopartment (Abbrevialion used: Oty a quactify. Emer the alocation rates to the nearest cent) How much overhead is allocated to the basic model? to the prodessional mode? Begin by solecting the tomula to allocate ovechead (O+1)cosh. (Nhbreviation uned Oty = quantity) Compute the lotal overhead allocated to the basic model, and then compute the total everhead alocaled to the professconal model Requirement Compue the predelermined ovechedd alocation rates using machine hours as the alocation base for the Assembly Department and drect labor hours for the Packaging Deparment. How much overhead is alocated to the basic moden To the professional model? Round dlocation rates to two decind places and alocated costs to whole dollars Data table