YouTube Maps Welcome, Subaha Email- Subha Ma. MindTap Cengage Return to Blackboard LUS Weygandt, Managerial Accounting, Be Help I Svatem Announcements CES Exercise 4-1 (Video) CALCULATION PRINT BACK Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rete based on direct labor costs. The president has 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 end machine setup. Presented below is information related to the company's operations. Standard = Direct labor costs Machine hours 2-5 Setup hours dy Custom $50,000 $100,000 1,200 1,200 120 420 Total estimated overhead costs are $305,400. Overhead cost allocated to the machining activity cost pool is $192,000, and $113,400 is allocated to the machine setup activity at Compute the overhead rate using the traditional-plantwide) approach. (Round answer to 2 decimal places, e.g. 12.25.) Predetermined overhead rate 150% of direct labor cost Compute the overhead rates using the activity-based costing approach Machining Machine setup $ per machine hour per setup hour Determine the difference in allocation between the two approaches. Traditional costing Standard Custom Activity-based costing Standant to search D 2000 ING 10/01/2021 PgUp