View Current Attempt in Progress hoc Q EcoFabrics has budgeted overhead costs of $1.039.500. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 495,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting cost driver is machine hours and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $396.000 and $643,500 is allocated to the design cost pool. Additional information related to these pools is as follows. pset so Machine hours Number of setups Wool 110,000 1.100 Cotton 110.000 550 Total 220,000 1.650 m Tor Y . Calculate the overhead rate using activity based costing (Round answers to 2 decimal places. c. 12.251 appe per machine hour Overhead rates for activity-based costing Cutting $ Design $ per setup sk's e Textbook and Media Skin! ettle Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing Wool product line Cotton product line Overhead Allocated Bag? ago e Textbook and Media To Dri Calculate the overhead rate using traditional approach (Round answer to 2 decimal places, s. 12.25) diperlahar hour e Textbook and Media et Determine the amount of overhead allocated to the wool product line and the cotton product line using activity based costing Wool product line Cotton product line Tou Overhead Allocated $ eTextbook and Media per Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, eg 1225) Overhead rates using the traditional approach per direct labor hour SN $ eTextbook and Media 21 What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Wool product line Cotton product line Overhead Allocated $ Dri e Textbook and Media Attempts: unlimited Submit Araw Save for Later