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 Custom Standard $50,000 1,200 Direct labor costs Machine hours Setup hours $100,000 1,200 90 390 Total estimated overhead costs are $292,800, Overhead cost allocated to the machining activity cost pool is $192,000, and $100,800 is allocated to the machine setup activity cost pool. (b) Compute the overhead rates using the activity-based costing approach. Machining $ per machine hour Machine setup per setup hour eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above