The job costing system at Siobhan's Custom Framing has five indirect cost pools (purchasing, material handing machine maintenance, product inspection, and packaging). The company is in the process of bidding on two jobs, Job 215, an order of 17 intricate personalized frames, and Job 325, an order of 6 standard personalized frames. The controller wants you to compare overhead allocated under the current simple job-costing system and a newly designed activity-based job. costing system. Total budgeted costs in each indirect cost pool and the budgeted quantity of activity driver are as follows. (Click the loon to view the cost and driver data) (Click the icon to view the job data) Read the requirements Data Table S Purchasing Material handling Machine maintenance Product inspection Packaging Budgeted Overhead 27,200 42,400 130,000 10,400 24,500 Activity Driver Purchased orders processed Material moves Machine-hours Inspections Units produced Budgeted Quantity of Activity Driver 1,600 5,300 10,000 1.300 3,500 Total 234,500 Print Done 1 TOOTOT inin Clear All Requirement 1. Computo the total overhead allocated to each job under a simple costing system whore overhead is allocated based on machine-hours. Begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable amounts and calculate the rate (Round your answer to the nearest cent. Abbreviations used: bgt. budgeted, mach. - machine, mat. = material, purch - purchase, aty - quantity:) Budgeted overhead rate Simple costing system