Winslow makes handheld calculators in two$$ models: basic and professional. Winslow estimated $ $892$ comma $500$ of manufacturing overhead and $525$ comma $000$ machine hours for the year. The basic model actually consumed $150$ comma $000$ machine$$ hours, and the professional model consumed $375$ comma $000$ machine hours.

Requirements

$1.$

Compute the predetermined overhead allocation rate using machine hours$($MHr$)$ as the allocation base.

$2.$

How much overhead is allocated to the basic$$ model? To the professional$$ model?

Question content area bottom

Part $1$

Requirement $1.$ Compute the predetermined overhead allocation rate using machine hours as the allocation base.

Select the$$ formula, and then enter the amounts to compute the predetermined overhead$($OH$)$ allocation rate. $($Enter your answer to the nearest$$ cent.$)$

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Predetermined OH allocation rate

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