Woodall makes handheld calculators in two modelsbasic and professional. Woodall estimated $819,500 of manufacturing overhead and 745,000 machine hours for the year. The basic model actually consumed 260,000 machine hours and the professional model consumed 485,000 machine hours. Woodall wants to refine its costing system by allocating overhead using departmental rates. The estimated $819,500 of manufacturing overhead has been divided into two cost poolsAssembly Department and Packaging Department. The following data have been compiled: E (Click the icon to view the data.) Read the requirements. X Requirement 1. Compute the pr labor hours for the Packaging De i Requirements embly Department and direct ute the allocation rate for each Begin by selecting the formula to department. (Enter the allocation Estimated 1. 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. 2. How much overhead is allocated to the basic model? To the professional model? Assembly Assembly Packaging Department Department Total Overhead costs 380,000 $ 439,500 $ 819,500 Machine hours: 176,500 MHr 83,500 MHr 260,000 MHr Basic Model Professional Model 61,000 MHT 424,000 MHT 485,000 MHr Direct labor hours: Basic Model 25,000 DLHO 90,000 DLHO 115,000 DLHr Professional Model 60,625 DLHr 459,375 DLHO 520,000 DLHr