per product, 2680-5062-7-7-70064edussesment1045-848-47--0- 5 64827 6 Saddle Inc. has two types of handbags standard son. The controller has decided to use apawide overhead rate based on direct labor costs. The president has heard of system were used. The activity.com pools were developed machining and maine s a Presented below as information to company's open the casting and wants to see how the results would for the Standard Cox $0.00 $120.000 Direct labor costs Machine hours 1300 140 Total estimated overhead costs $29.000. Overhead stad i g is $19.00 . t o ol Compute the overhead rate using the traditional artwielorach und 12.) Predetermined overhead rate Textbook and Media Compute th a t the activity becoming and Method Media Sundard e Textbook and Media Compute the overhead rates using the activity-based costing approach. Round answers to 2 decimal places 12.25) per machine hour Machining Machine setup $ 5 per setup hour e Textbook and Media Determine the difference in allocation between the two approaches. Round answers to decimal places, s 1.225.) Traditional costing Standard Custom Activity-based costing Standard Custom e Textbook and Media