rLus Weygandt, Financial & Managerial Accounting, 2e PRINCIPLES FINANCIAL/MANAGERIAL ACC (BUS 201/202) Assignment Gradebook ORION Downloadable eTe Read, Study & Practice nent> Open Assignment FULL SCREEN PRINTER VERSIONBACK MESSAGE HY E MENT RESOURCES memers Question 2 EcoFabrics ha (wool and cotton) using direct labor hours which are estimated to be 450,000 for the current year The company has decided to experiment with activity-based and 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 $360,000 and $585,000 is allocated to the design cost pool. Additional Information related to these pools is as follows s budgeted overhead costs of $945,000. It has allocated overhead on a plantwide basis to its two products based costing and has created two activity cost pools and related activity cost drivers core Wool CottonTotal 00,000 100,000 200,000 Machine hours Number of setups 1,000 500 1,500 (a1) Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places,e.g.12.25.) Overhead rates for activity-based costing Cutting Design per machine hour per setup TO TEXT Attempts: 0 of 3 used SAVE FOR LATERSUBMIT A