Tackett makes handheld calculators in two models-basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $819,500 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: (Click the icon to view the data.) Read the requirements. 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. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty = quantity. Enter the allocation rates to the nearest cent.) Predetermined OH allocation rate = Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula lo allocate overhead (OH) costs. (Abbreviation used: Qty = quantity.) = Allocated mig. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Basic Model Professional Model Manufacturing overheadAssembly Manufacturing overhead-Packaging Total manufacturing overhead cost Choose from any list or enter any number in the input fields and then continue to the next question. Data Table Assembly Department 380,000 Packaging Department 439,500 Total Overhead costs $ $ 819,500 Machine hours: Basic Model 164,500 MHr 95,500 MHr 260,000 MHr 73,000 MHr 485,000 MH Professional Model 412,000 MHr 507,500 MH 237,500 MHr 745,000 MHr Total Direct labor hours: Basic Model 40,000 DLHO 70,000 DLHO 110,000 DLHr Professional Model 130,625 DLHr 170,625 DLHr 479,375 DLHr 549,375 DLHr 610,000 DLHr 720,000 DLHO Total Print Done i Requirement 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. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars. Print Done