1. Compute the activity rate for each activity pool. Activity Cost Pool Estimated Overhead Cost Expected Activity Activity Rate Machine Setups Special Processing General Factory 2. Overhead is assigned to the two products as follows: Rims: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead Required - Use the tables on the following page to determine the following required components: In order to receive full credit please show all work!! 1. Compute the activity rate for each activity pool. 2. Determine the amount of manufacturing overhead assigned to each product (Rims and Posts) for each activity cost pool. 3. Determine the unit product cost of each product (Rims and Posts) according to the ABC system. 3. Determine the total and unit product cost of each product (Rims and Posts) according to the ABC system. Rims Posts Direct materials: 3 Direct labor: Manufacturing Overhead: Unit cost Posts: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead Part 11 1. List and describe the steps (in order) for Implementing Activity Based and Costing. 2. Identify and describe the limitations of Activity Based Costing. 1. Compute the activity rate for each activity pool. Activity Cost Pool Estimated Overhead Cost Expected Activity Activity Rate Machine Setups Special Processing General Factory 2. Overhead is assigned to the two products as follows: Rims: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead Required - Use the tables on the following page to determine the following required components: In order to receive full credit please show all work!! 1. Compute the activity rate for each activity pool. 2. Determine the amount of manufacturing overhead assigned to each product (Rims and Posts) for each activity cost pool. 3. Determine the unit product cost of each product (Rims and Posts) according to the ABC system. 3. Determine the total and unit product cost of each product (Rims and Posts) according to the ABC system. Rims Posts Direct materials: 3 Direct labor: Manufacturing Overhead: Unit cost Posts: Activity Cost Pool Activity Rate Activity ABC Cost Machine Setups Special Processing General Factory Total Factory Overhead Part 11 1. List and describe the steps (in order) for Implementing Activity Based and Costing. 2. Identify and describe the limitations of Activity Based Costing