0 iT Current Attempt in Progress Oriole Steel Company has budgeted manufacturing overhead costs of $1,945,000. It has allocated overhead on a plant-wide basis to its two products (soft steel and hard steel) using machine hours, which are estimated to be 100,000 for the current year. The company has decided to experiment with activity-based costing and has created five activity cost pools and related activity cost drivers as follows: Activity Centre Cost Driver Estimated Overhead Estimated Activity Material handling Number of moves $270,000 45,000 moves Purchase orders Number of orders $ 105,000 1.400 orders Product testing Number of tests 5440.000 4.000 tests Machine set up Number of set-ups $320,000 5.000 Setups Machining Machine hours 5810.000 100,000 machine hours Each unit of the products requires the following: - 76 Each unit of the products requires the following Soft Steel 5300 Hard Steel $200 560 5120 2 3 Direct materials costs Direct labour costs Purchase orders Machine set-up Product testing Machining Material handling 5 10 3 4 60 60 6 (a) Under traditional product costing using machine hours, calculate the total manufacturing cost per unit of both products. (Round predetermined overhead rate to 2 decimal places ef. 15.25 and final answers to decimal places, eg. 1525) Soft Steel Hard Steel Total manufacturing cost per unit $ Attempts:0 of 3 used Submit Answer Schat Using multiple attempts will impact your score. 10% score reduction after attempt 2