Vernon makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $1,149,500 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 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 department. (Abbreviation used: Qty = quantity. Enter the allocation rates to the nearest cent.) Predetermined OH = allocation rate Vernon makes handheld calculators in two models--basic and professional--and wants to refine its costing departmental rates. The estimated $1,149,500 of manufacturing overhead has been divided into two cost p Department. The following data have been compiled: Requirement Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars. \begin{tabular}{|c|c|c|c|} \hline & \begin{tabular}{l} Assembly \\ Department \end{tabular} & \begin{tabular}{l} Packaging \\ Department \end{tabular} & Total \\ \hline Overhead costs & 660,000$ & 489,500$ & 1,149,500 \\ \hline \multicolumn{4}{|l|}{ Machine hours: } \\ \hline Basic Model & 164,500MHr & 115,500MHr & 280,000MHr \\ \hline \multirow{2}{*}{ Professional Model } & 135,500MHr & 189,500MHr & 325,000MHr \\ \hline & 300,000MHr & 305,000MHr= & 605,000MHr \\ \hline \multicolumn{4}{|l|}{ Direct labor hours: } \\ \hline Basic Model & 32,000DLHr & 65,000DLHr & 97,000DLHr \\ \hline \multirow{2}{*}{ Professional Model } & 153,125DLHr & 546,875DLHr & 700,000DLHr \\ \hline & 185,125DLHr & 611,875DLHr & 797,000DLHr \\ \hline \end{tabular}