PLEASE HELP WITH THE PROFESSIONAL KODEL PROBLEM, ESPECISLLY THE ROUNDING Tackett makes handheld calculators in two models$-$basic and professional. Tackett estimated $$937,500$ of manufacturing overhead and $625,000$ machine hours for the year. The basic mod actually consumed $240,000$ machine hours, and the professional model consumed $385,000$ machine hours. The predetermined overhead allocation rate using machine hours as the allocatio is $$1\mathrm{.}50$ per machine hour, with the allocated overhead costs split between the basic model and the professional model by $$360,000$ and $$577,500,$ respectively.

Requirement $1.$ Tackett expects to produce $200,000$ basic models and $200,000$ professional models. Compute the predetermined overhead allocation rates using activity$-$based costing. How overhead is allocated to the basic model? To the professional model? Round the materials handling allocation rate to four decimal places and the remaining allocation rates to the nearest cent.

Begin by selecting the formula to calculate the predetermined overhead $(OH)$ allocation rate. Then enter the amounts to compute the allocation rate for each activity. $($Abbreviation used: Qty $=$ quantity. Enter the materials handling allocation rate to four decimal places, and the remaining allocation rates to the nearest cent.$)$

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.$)$

Predetermined OH allocation rate $,x,$ Actual qty 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.

$\backslash$table$[[,$Basic Model,Professional Model$],[$Manufacturing overhead$-$Materials Handling,$$,32,000,88000],[$Manufacturing overhead$-$Machine setup,,$109,650,255850\mathrm{.}14],[$Manufacturing overhead$-$Insertion of Parts,,$192,000,2528000$