Question 4 of 13 0.33/1 View Policies Show Attempt History Current Attempt in Progress Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed; machining and machine setup. Presented below is information related to the company's operations Direct labor costs Machine hours Setup hours Standard $50,000 1.200 120 Custom $100,000 1.200 420 Total estimated overhead costs are $289,200. Overhead cost allocated to the machining activity cost pool is $192,000, and $97.200 is allocated to the machine setup activity cost pool (a) + Ch 4: Homework Question 4 of 13 0.33/1 E (b) * Your answer is incorrect. Compute the overhead rates using the activity-based costing approach Machining 192000 per machine hour $ $ Machine setup 97200 per setup hour Save for Later Attempts: 1 of 3 used Submit Answer (c) The parts of this question must be completed in order This part will be available when you complete the part above