CALCULATOR PRINTER VERSION BACK NEXT Exercise 17-1 (Part Level Submission) Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate 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 and machine setup. Presented below is information related to the company's operations Standard Direct labor costs Machine hours Setup hours $41,000 1,120 Custom $107.000 1,200 100 Total estimated overhead costs are $304,000. Overhead cost allocated to the machining activity cost pool is $196,000, and $108,000 is allocated to the machine setup activity cost pool. Your answer is correct Compute the overhead rate using the traditional plantwide) approach (Round answer decimal places, .g. Predetermined overhead rate 205.41 of direct labor cost Click if you would like to show Work for this question Open Show Work LINK TO TEXT LINK TO TY (b) Compute the overhead rates using the activity based costing approach (Round answers to decimal places, e.g. 12.25.) Machining per machine hour Machine setups per setup hour Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part w e cambiate the part available when