T 3303 2008 Name erm 1 The controller for Alabama Cooking Oil Co, established the following overhead cost pools and cost drivers: Budgeted Estimated Overhead Cost Pool Overhead Cost Driver Cost Driver Level Machine setups $143.000 #of setups 110 setups Material handling 124,800 # of barrels 7,800 barrels Quality control 316,200 # of inspections 1.020 inspections Other overhead cost 172,500 # of machine hrs 11,500 machine hrs An order of 800 barrels of cooking oil used: Machine setups 10 setups Material handling 780 barrels Quality inspections 104 inspections Machine hours 980 machine hours Required: (a) What is the overhead rate per machine hour if the number of machine hours is used as a single cost driver under traditional costing system? (Round your answer to 2 decimal places.) (b) Utilizing traditional costing, how much overhead is assigned to the order based on machine hours as a single cost driver? (c) Utilizing ABC, how much total overhead is assigned to the order