80,000 machine hours, and the professional model consumed 325,000 machine hours. The predetermined overhead alocation rate using machine hours as the alocation base $1.90 per machine hour, with the located overhead costs split between the basic model and the psofessional model by $532,000 and $617,500, respectvely E (Click the icon to view the data using multiple department allocation rates) Click the icon to view additional data.) Head the requirements equirement 1. Venon expects to produce 175,000 basic models and t 76,000 professonal models. Coput the presitermined overhead alocation rates using activty bases cosing, How much ovwrhead is aliocated to the basic model? To the professional moder Begin by selecting the formula to cakculate the predet termined overhead (OH) allocation rate. Then enter the amounts to comoute tre allocation rate for each activity, (Abbreviation used: Chy quanity Enter the and the remaining allocation rates to the nearest cent materials handing alocation rate to four decimal places, a Estmated overhead co Estmated gty of the alocation bas0location rate 90 Materia's Handing Machine Setup Insertion of Parts How much overhead is allocated to the basic model? To the professional moder? 63000 456500 630000 600 the brmuAa to allocate overhead (O.) costs. (Atorevalion used Oty-quartity) cual ty of Allocated mtg cverhead costs Predetemined OH alocation rate hoose from any list or enter any number in the input feids and then continue to the next question Data Table Basic Model Professional Model Manufacturing overhead-Assembly Manufacturing overhead-Packaging Total manufacturing overhead cost S 276,100 $ 64,000 340,100 $ 383,900 425,500 809,400 Print Done Vernon wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $1,149,500 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 $63,000 Number of parts Machine Setup $456,500 Number of setups Insertion of Parts $630,000 Number of parts Total Overhead costs Allocation Base Expected usage: Basic Model $ 1,149,500 30 parts per calculator 60 parts per calculator 20 setups per year 35 setups per year 30 parts per calculator 60 parts per calculator Professional Model Print Done Basic Model Professional Model 21000 42000 Manufacturing overhead-Materials Handling Manufacturing overhead-Machine setup Manufacturing overhead-Insertion of Parts Total manufacturing overhead cost Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per u 2905001 420000 752500 166000 210000 3970075ipl caorn Choose from any list or enter any number in the input fields and then continue to the next