Woodall makes handheld calculators in two models-basic and professional. Woodall estimated $937,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 240,000 machine hours, and the professional model consumed 385.000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.50 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $360,000 and $577,500, respectively, (Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) Read the requirements st Data Table to the predetermined overhead allocation rates using mounts to compute the location rate for each activity romaining allocation Fotos to the nearest cont.) Predetermined OH allocation rato Basic Model Professional Model 488,750 $ 261,250 22,500 165,000 $ Manufacturing overhead--Assembly Manufacturing overhead-Packaging Total manufacturing overhead cost $ 511,250 $ 420,250 Print Done bdel mi o Woodall wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $937,500 of manufacturing overhead has been divided into three primary activities: Materials Handling, Machine Setup, and Insertion of Parts. The following data have been compiled: Materials Handling Machine Setup Insertion of Parts Total Overhead costs $88,000 $365,500 $484,000 $ 937,500 Allocation Base Number of parts Number of setups Number of parts Expected usage: Basic Model 32 parts per calculator 18 setups per year 32 parts per calculator Professional Model 56 parts per calculator 42 setups per year 56 parts per calculator ation e for arest Print Done i Requirements X OVE 1. Woodall expects to produce 200,000 basic models and 200,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? ald E he a rate H Print Done