Koehler makes handheld calculators in two models: basic and professional. Koehler estimated $721,000 of manufacturing overhead and 515,000 machine hours for the yoar. The basic model actually consumed 230,000 machine hours, and the professional model consumed 285,000 machine hours Requirements 1. Compute the predetermined overhead allocation rate using machine hours (MHr) as the allocation base 2. How much overhead is allocated to the basic model? To the professional model? Requirement 2. How much overhead is allocated to the basic model? To the professional model? Select the formula, and then enter the amounts to compute the overhead (OH) allocated to the basic model and the professional model Allocated OH costs Basic model Professional model Choose from any list or enter any number in the input fields and then click Check