Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently 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: Family Model Deluxe Model Direct labor costs $75,600 $151.200 Machine hours 2,000 2,000 Setup hours 200 800 Total estimated overhead costs are $453,600. Overhead cost allocated to the machining activity cost pool is $272,160 and $181440 is allocated to the machine setup activity cost pool Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal places, eg. 15.25.) Overhead Rate Machining $ per hour Machine set up $ per hour