Prescott makes handheld calculators in two models-basic and professions 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 comple: Click the icon to view the data) Read the restaurements 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 Begin by selecting the formula to calculate the predetermined overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department (Abbreviation used: Oty = quantity Enter the location rates to the nearest cent) Predetermined OH tication rate Assembly Packaging How much overhead is allocated to the basic model? To the professional model? Begin by selecting the formula to allocate overhead (OH) cos(Abbreviation used Gay * quantity) Alocated mig, overhead comes Compute the total overhead allocated to the basic model, and then compute the total overhead allocated to the professional model Basic Model Professional Model Manufacturing overhead Assembly Manufacturing overhead-Packaging Total manufacturing overhead cost Data Table Assembly Packaging Department Department 550.000 $ 301.500 5 Total 851,500 Overhead costs Machine Hours Basic Model Professional Model Total Direct labor hours Basic Model Professional Model Total 135 500 MH 364 500ML 500.000 MM 44 500 110.500 MH 155.000 MM 180,000 M 475.000 MH 655.000 32,000 DLHE 202.500 DLH 234 500 DLH $5,000 DLH 407.500 DLHE 502.500 DUH 127000 DLHE 610.000 DE 737.000 DUN Done