Spacely, Corp. makes sprockets in two models: regular and professional, and wants to refine its costing system by allocating overhead using departmental rates. The estimated $885,580 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data has been compiled: Spacely, Corp. Assembly Department Packaging Department Total Overhead costs $580,000 $305,580 $885,580 Machine Hours: Regular Model 137,000 35,400 172,400 Professional Model 363,500 11,500 375,000 Direct Labor Hours: Regular Model 40,500 79,100 119,600 Professional Model 324,800 428,600 753,400 (Round your answers to two decimal places when needed and use rounded answers for all future calculations) 1. Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. Model Assembly Dept. Units Packaging Dept. Units Regular Model MHr DLHT MHT DLHO Professional Model Total MHT DLHO Department Total estimated overhead cost ? Total estimated quantity of the overhead allocation base Predetermined Overhead Allocation Rate (Per Machine Hour) 11 Assembly Department Department Packaging Department = Predetermined Overhead Allocation Rate Assembly Department ? Actual Quantity of the Allocation Base Used 11 Allocated Manufacturing Overhead Cost Regular Model Professional Model Total Manufacturing Overhead Costs Packing Department Predetermined Overhead Allocation Rate ? Actual Quantity of the Allocation Base Used = Allocated Manufacturing Overhead Cost Regular Model Professional Model Total Manufacturing Overhead Costs 2. How much overhead is allocated to the basic model? To the professional model? Manufacturing Overhead Regular Model Professional Model Assembly Department Packaging Department Total Manufacturing Overhead Costs