Question 1 of 4 - 1 View Policies Current Attempt in Progress Paul White has been studying his department's profitability reports for the past six months. He has just completed a managerial accounting course and is beginning to question the company's approach to allocating overhead to products based on machine hours. The current department overhead budget of $1.142.940 is based on 38,098 machine hours, in an initial analysis of overhead costs. Paulas identihed the following activity cost pools Cost Pool Expected Cost Expected Activities 40.500 machine hours Product assembly 729.000 Machine setup and calibration 291.400 4,700 setups Product inspection 57,540 1.370 batches Raw material storage 65.000 260,000 pounds $ 1.142.940 la) Calculate the company's traditional overhead rate based on machine hours. Overhead rate / (b) Calculate the company's overhead rates using the proposed activity based costing pools. (Round answers to 2 decimal places, es 15.250 Pundit (a) Calculate the company's traditional overhead rate based on machine hours. Overhead rate / MH tb] Calculate the company's overhead rates using the proposed activity-based costing pools. (Round answers to 2 decimal places.es 15.25) Product assembly $ / Machine setup and calibration $ setup Product inspection $ batch Raw materials storage S /b e Textbook and Media Savette Attempts: 0 of 3 used Submit And AU