Save Tackett makes handheld calculators in two models-basic and professional-and wants to refine its costing system by allocating overhead using departmental rates The estimated $1,060,500 of manufacturing overhead has been divided into two cost pools: Assembly Department and Packaging Department. The following data have been compiled (Click the icon to view the data) Read the requirements CID 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 Qty quantity. Enter the allocation rates to the nearest cent.) 19 (book/sta Predetermined Of allocation rate Data table - x Assembly Department Packaging Department Total Overhead costs $ 720,000 $ 340,500 $ 1,060,500 Machine hours: Basic Model 130,500 MHr 9,500 MHr 140,000 MHr Professional Model 269,500 MHr 95,500 MHr 365,000 MHr 400,000 MHr 105,000 MHri 505,000 MHr Total Direct labor hours: Basic Model 22,000 DLHr 85,000 DLHr 107,000 DLHr Professional Model 257,500 DLHr 482,500 DLHr 740,000 DLHr 279,500 DLHr 567,500 DLHr 847,000 DLHr Total Print Done 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. ect lab ocatio Print Done - X