Prescott makes handheld calculators in two models--basic and professional--and wants to refine its costing system by allocating overhead using departmental rates. The estimated $851,500 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled: E (Click the icon to view the data.) i Requirement Data Table Qty Assembly Department Packaging Department 301,500 $ Total 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. Overhead costs $ 550,000 $ 851,500 Machine hours: Basic Model 130,500 MHr 369.500 MHr 49,500 MHr 105,500 MHr 180,000 MHT 475,000 MHT Print Done Professional Model Total 500,000 MHT 155,000 MHr 655,000 MHT Direct labor hours: Basic Model 28,000 DLHO 85,000 DLHO 113,000 DLHr 610,000 DLHr Professional Model 192,500 DLHr 417,500 DLHr 220,500 DLHO Total 502,500 DLHr 723,000 DLHr Print Done Choose from any drop-down list and then click Check