CALCULATOR PRINTTA VERSI Exercise 4-1 (Video) 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 Custom Direct labor costs $50,000 $100,000 Machine hours 1,200 1,200 Setup hours 120 420 Total estimated overhead costs are $305,400, Overhead cost mliocated to the machining activity cost pool k 5193,000, and $113,400 allocated to the machine setup activity cout pool, Compute the overhead rate using the traditional plantwide) approach (Round answer to 2 decimal places, p. 12.28.) Fredetermined overhead rate of direct labor cost LRTO TENT LINK TO TY VIEIRILAR MERCI Compute the overhead rates using the activity-based costing approach Machining per machine hour Machine stup per setup hour LIRE TOTEK LETO TEXT VIDEO: SRILAR ENERCISE Determine the difference in allocation between the two approaches Traditional.cossing Standard Custom Activity based costing Standard Custom Click if you would like to Show Work for this question Open Show.Work