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Goodson makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocating overhead using departmental rates. The estimated $624,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: Click the icon to view the data) Read the requirements Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department. (Abbreviation used: Qty = quantity: Enter the allocation rates to the nearest cent) Predetermined OH allocation rate Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) costs. (Abbreviation used: Qty quantity) Alocated mig. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Basic Model Professional Model Manufacturing overhead Assembly Manufacturing overhead-Packaging Total manufacturing overhead cost Data Table hid Assembly Department 480,000 Packaging Department 164,000 Total 624.000 $ $ $ Overhead costs Machine hours: Basic Model Professional Model 135,500 MH Requirement 152.000 MH 134,500 MHP 98,000 MHR 232,500 MHT 270,000 MHE 250,000 MH 520,000 MHE 287.500 MHE Ab Total Direct labor hours Basic Model 28,000 DLHO 180.000 DLHO Compute the predetermined overhead allocation rates using machine hours as the allocation base for the Assembly Department and direct labor hours for the Packaging Department. How much overhead is allocated to the basic model? To the professional model? Round allocation rates to two decimal places and allocated costs to whole dollars. Professional Model Ind 70,000 DLHO 340,000 DLH 410,000 DLHO 000 DLHE 520,000 DLHE 618,000 DLHO PO 208.000 DLHE Total tid Print Done Print Done Anal Matal