Question: Fitzgerald makes handheld calculators in two models basic and professional. Fitzgerald estimated $812,500 of manufacturing overhead and 625,000 machine hours for the year. The basic

Fitzgerald makes handheld calculators in two models basic and professional. Fitzgerald estimated $812,500 of manufacturing overhead and 625,000 machine hours for the year. The basic model actually consumed 250,000 machine hours and the professional model consumed 375,000 machine hours. Compute the predetermined overhead allocation rate using machine hours (MHr) as allocation base. How much overhead is allocated to the basic model? To the professional model?

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