Requirement 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. PrintDone 1Data Table Assembly Packagingg Total Department Department $164,000 $ 624,000 Overhead costs $460,000 Machine hours Basic Model Professional Model Total 95,500 MHr 92,000 MHr 287,500 MH 74,500 MHr 58,000 MHr 232.500 MH 270,000 MHr 250,000 MHr 520,000 MHr Direct labor hours Basic Model Professional Model Total 28,000 DLHr 35,000 DLHr 63,000 DLHr 5,000 DLHr 365,000 DLH 410,000 73,000 DLHr 400,000 DLHr DLHr 473,000 DLHr Print Done Zapata makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocating overhead using departmental rates. The estimated $624,000 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled EB (Click the icon to view the data.) Read the requirements 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 allocation rates to the nearest cent.) Predetermined OH allocation 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) costs. (Abbreviation used: Qty quantity.) Allocated mfg. overhead costs 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