Current Attempt in Progress Paul White has been studying his departmeat's profitability reports for the past six months. He has jast completed a munaperial accounting course and is beginning to question the compary's approach to alocating overhead to products baced on machine hourh. The current department overhead bxidget of $1,142,940 b based on 34,099 machine hours. In an initial analyais of overhead costs. Paul has ldentifed the following activity cost pook. Paul White is taking the next step in his explaration of activity based costing and wants to examine the overhead costs that would be allocated to twa of the department's four products. He has gathered the followine budeet information about each product. (a) Calculate the total orerhead allocated to each component under the traditionat metiod uniry machine hours as the overthead application base. (b) Calculate the fotal owerhe ad aliocated to each componert under activity based comtine Round overhnod nated to 2 decinad plices. et. 5.27 and round final answers ts 0 dectmal placen est. 5.275