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Current Attempt in Progress Vaughn inc has conducted the following analysis related to its product lines, using a traditional costing system (volume based) and an activity baied costing syitem. The traditional and the activity based costing systems assign the same amount of direct materials and ifrect titior costs. Compute the overbead rate using the traditional (plantwide) approach. (Round onswer to o dechnal ploces, es. 12.) Predetermined overhead rate Sof direct labor cost eTextbook and Media Attempts: 0 of 3 used (b) The Sunland inc, has two trpes of handbags standard and custom. The controller has decided to use a plantwide overhead rate based on used. Two activity cost pools were developedi machining (machine hours) and machine setup (number or setupa). The total estimated machine hours is 2.400 , and the total estimated number of setups is 500 . Presented below is information retated to each products use of coit drivers. allocated to the mactine retup actinity cost pool For each product line, compute operating income using the traditional costing system. Product 540x Product 137% Product 2495 Attempts:0 of 3 used (b)