wiley.com/was/\/v2/assessment-player/index.htmlaunchd-0335bdbe-2217-4160-8c0f-afe2f513103#/question/28 16 Question 27 of 55 < > 5.45/7.27 E Concord, Inc. produces two types of gas grills: a family model and a deluxe model. Concord's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations: Family Model Deluxe Model Direct labor costs Machine hours $76,200 2,000 $152,400 2000 Setup hours 200 800 Total estimated overhead costs are $457,200 Overhead cost allocated to the machining activity cost pool is $274.320 and $182,880 s allocated to the machine setup activity cost pool. (a) Your answer is correct Compute the overhead rate using the traditional (plantwide) approach (Round answer to 2 decimal places, eg. 15.25) Overhead rate $ 2 #3 80 " 4 $ 888 24 % 5 96 MacBook Air " " & * 7 8 9 0 E R T Y U D F G H J K 2 OP D