submitting an external tool Attempts 0 Allowed Attempts 1 Available Feb 17 at 8am - Apr 25 at 11pm 2 more Kimmel, Accounting, Te Hele Stem Announcements Exercise 17-01 Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plant wide overhead based on recherche prendere the results would offer this system were used. The activity cos pools were developed: mading and machines Presented wood to the Direct labor costs Machine hours Setup houts Standard $50,000 1,500 90 Custom $100,000 1.200 390 Total estimated overhead costs are $294,600. Overhead cost allocated to the machining activity control is $189,000, and $105.000 scated to the man who Compute the overhead rate using the traditional Clanwide) approach (Round answer to 2 decimal places 12.257 Predetermined overhead rate of direct labor cost Compote the overhead rates using the activity based costing approach Machining Dermachine bour Machine stup per setup hour Determine the difference in a location between the two sopra Traditional costing Standard Custom Activity based.costing Standard * t Uverhead cost allocated to the machining activity cost pool is $189,000, and $105,600 is allocated to the machine setup activity Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate % of direct Labor cost Compute the overhead rates using the activity-based costing approach, Machining $ per machine hour Machine setup $ per setup hour Determine the difference in allocation between the two approaches. Traditional costing Standard $ Custom $ Activity-based costing Standard $ Custom Click if you would like to show Work for this question: Doen Show Work Question Attempts: 0 of 1 used E #