Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 17-03 a1-a2, b1-b2 (Part Level Submission) EcoFabrics has budgeted overhead costs of $1,152,900. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 549,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $439,200 and $713,700 is allocated to the design cost pool. Additional information related to these pools is as follows. Machine hours Number of setups Wool 122,000 1,220 Cotton 122,000 610 Total 244,000 1,830 (al) Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.) Overhead rates for activity-based costing Cutting per machine hour Design per setup Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO Attempts: 0 of 6 used