Clover Manufacturing Company makes two products.Using the traditional allocation method, the company has allocated overhead based on estimated total direct labor cost of $125,000.Clover recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: cutting, machine setups, and shipping.The following is a summary of company information: 
Required:
a.Calculate the company's overhead rate as a percentage of direct labor cost.
b.Calculate the company's overhead rates using the activity-based costing pools.
Definitions:
Performance Excellence
The achievement of the highest level of performance and outcomes in organizational tasks, often through continuous improvement and quality assurance processes.
Discipline Problems
Issues related to maintaining order and ensuring individuals adhere to rules and standards.
Permissiveness
A management or parenting style characterized by allowing employees or children more freedom and fewer restrictions.
Rigidity
The lack of flexibility or the refusal to change opinions, behaviors, or procedures despite new information or changing circumstances.
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