Quintana Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year as budgeted at $1.056,000. Of this amount, the Machining Department incurs $680,000 (primary for machine operation and depreciation) while the Assembly Department incurs 5456,000. The company estimates that E wil incur 4,000 machine tours (all in the Machining Department) and 9.600 direct labor hours (1/500 in the Machining Department and 8,000 in the Assembly Department) during the year. (Click the can to view the additional informadon Read the requirements Requirement 1. Compute the company's aument plantalde overbead rate. (Round your answer to the nearest delat) Begin by determining the formule, then compute the rate Partaide overhead rele Data table Quintana Products cumently uses a plantwide overhead rane based on direct labor hours to allocate overhead. However, the company is considering refining its overhead alocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate s overhood using direct isbor (D) hours. The following chart shows the machine hours (MH) and direct later (D) hours inoured by Jobs 500 and 501 in each production department Machining Assembly Department Department M 15 DL hours 20 hours Job 500 Je tot 16 MH 15 hours Both Jobs 500 and 501 used $1.000 of direct matelas Wiges and benefits total $30 per direct labor hour. Quintana Products prices its products at 120% of total manufacturing Print Done