Zapata makes handheld calculators in two models--basic and professional--and 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 pools: Assembly Department and Packaging Department. The following data have been compiled: (Click the icon to view the data.) Read the requirements. 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. Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty = quantity. Enter the allocation rates to the nearest cent.) Predetermined OH allocation rate Assembly 1.60 237,500 Packaging 0.80 549,375 II How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty = quantity.) = Allocated mfg. overhead costs + Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. Manufacturing overheadAssembly Manufacturing overheadPackaging Total manufacturing overhead cost Basic Model 232,000 52000 Professional Model 148000 387500 284000 535500 Assembly Packaging Department Department Total Overhead costs $ 380,000 $ 439,500 $ 819,500 Machine hours: Basic Model 145,000 MHE 115,000 MHE 260,000 MHr Professional Model 92,500 MHr 392,500 MHr 485,000 MHr 237,500 507,500 Total 745,000 Direct labor hours: Basic Model 50,000 DLHr65,000 DLHr 115,000 DLHr Professional Model 55,625 DLHr484,375 DLHr 540,000 DLHr Total 105,625 DLHr 549,375 DLHr 655,000 DLHr TU, MHr * Requirement 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. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars