Note: I only need help with requirement # 2 and not requirement # 1. Thank you.

Vemon makes handheld calculators in two modelsbasic and professional. Vernon estimated $721,000 of manufacturing overhead and 515,000 machine hours for the year. The basic model actually consumed 230.000 machine hours, and the professional model consumed 285,000 machine hours. The predetermined overhead allocation rate using machine hours as the allocation base is $1.40 per machine hour, with the allocated overhead costs split between the basic model and the professional model by $322,000 and $399,000, respectively, Click the icon to view the data using multiple department allocation rates.) (Click the icon to view additional data.) x Read the requirements Predetermined OH allocation rate Actual aty of the allocation base used Allocated mfg. overhead costs Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model. S Manufacturing overhead Materials Handling Manufacturing overhead Machine setup Manufacturing overhead Insertion of Parts Basic Model Professional Model 38,500 $ 60,500 45,360 81,648 231,000 363,000 More Info S 314,860 $ Total manufacturing overtiead cost 505,148 Vemon wants to further refine its costing system by allocating overhead using activity-based costing. The estimated $721,000 of manufacturing overhead has been divided into three primary activities: Materials Handling Machine Setup, and Insertion of Parts. The following data have been compiled: Data Table Materials Handling Total Overhead costs Machine Setup S 127.000 Number of setups Insertion of Parts $495,000 Number of parts $ 721,000 $99,000 Number of parls Basic Model Professional Model Manufacturing overhead Assembly S 404,300 $ 5,500 245,700 65,500 Allocation Base Expected usage: Basic Model Manufacturing overhead-Packaging 35 parts per calculator 20 setups per year S 409,800 $ 311.200 Total manufacturing overhead cost 35 parts per calculator 55 parts per calculator Professional Model 55 parts per calculator 36 setups per year Print Done Print Done Requirement 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Begin by completing the table below to show the total and per unit overhead allocated to each model under each of the three different allocation methods. (Round per unit amounts to the nearest cent.) Basic Model Professional Model Total MOH Per Unit Total MOH Per Unit Single plantwide allocation rate 322000 1.46 399000 1.81 346800 1.58 374200 1.70 Multiple department allocation rates Activity-based allocation rates 314860 1.43 505148 2.30 i Requirements X 1. Vernon expects to produce 220,000 basic models and 220,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model? 2. Compare the activity-based costing results from Requirement 1 with the company's results using a single plantwide rate and using multiple department rates. What conclusions can you draw? Print Done