The controller for Ocean Sailboats Incorporated, a company which uses an automated process to make sailboats, established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setups Quality control other overhead cost Budgeted Overhead $ 250, 500 419,500 180,000 Cost Driver Number of setups Number of inspections Number of machine hours Estimated Cost Driver 500 setups 2,500 inspections 20,000 machine hours A recent order for sailboats used: Machine setups Quality inspections Machine hours 50 setups 305 inspections 2,024 machine hours Required: 1. What is the overhead rate per machine hour if the number of machine hours is used as a single cost driver under tracitional costing system? 2. Utilizing traditional costing, how much overhead is assigned to the order based on machine hours as a single cost driver? 3. Utilizing ABC, how much total overhead is assigned to the order