Question Help Tackett makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $892,500 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: (Click the icon to view the data.) Read the requirements. Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty = quantity. Enter the allocation rates to the nearest cent.) Predetermined OH allocation rate Data Table Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Assembly Department Packaging Department Total Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty = quantity.) Overhead costs $ 450,000 $ 442,500 $ 892,500 Machine hours: Allocated mfg. overhead costs Basic Model 130,500 MHT 19,500 MHT 150,000 MHT Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Professional Model 119,500 MHr 255,500 MHT 375,000 MHr Basic Model Professional Model 250,000 MHr 275,000 MHT 525,000 MHT Total Manufacturing overhead-Assembly Direct labor hours: Manufacturing overhead-Packaging Basic Model 28,000 DLHO 80,000 DLHr 108,000 DLHO Total manufacturing overhead cost 66,875 DLHO 473,125 DLHO 540,000 DLHO Professional Model 94,875 DLHO 553,125 DLHO 648,000 DLHO Total Choose from any list or enter any number in the input fields and then continue to the next question. Print None