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 Standard Custom Direct labor costs $50,000 $100,000 Machine hours 1.000 1,000 Setup hours 100 400 Total estimated overhead costs are $240,000. Overhead cost allocated to the machining activity cost pool is $140,000, and $100,000 is allocated to the machine setup activity cost pool. Your Answ Correct Answer Your answers correct approach (Bound answer to 2 decimal places, es. 12.25)