Question 4 of 7 1.25/5 E View Policies Show Attempt History Current Attempt in Progress Carla Vista has budgeted overhead costs of $1,016,700. It has assigned overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours, which are estimated to be 508,350 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $376,200 and $640,500 is allocated to the design cost pool. Additional information related to these pools is as follows. Wool Cotton Total Machine hours 99,000 99,000 198,000 Number of setups 1,220 610 1,830 (a) Your answer is partially correct. Determine the amount of overhead assigned to the wool product line and the cotton product line using activity-based costing (Round rate per unit to 2 decimal places, eg. 1.25 and final answers to decimal places, es. 5,125.) Cutting Design Activity-based overhead rates per machine hour $ 1.90 $ 350 per setu Wool Cotton Overhead assigned eTextbook and Media Savefor Later Attempts: 2 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above