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#1 Need help with the following missing data. Thanks for the help! Mastery Probleme Activity-Based Costing wooicorp assigning overhead to products. You've just been hired
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Mastery Probleme Activity-Based Costing wooicorp assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currentiy woolCorp makes two products: (1) raw, clean wool to be used as sturting or insulabion and (2) wool yam for use in the textile industry. The compamy weuld ike you to evaluate its costing methads for its raw wool and wool yarn. single Plantwide pate is computed as follows: Single Fantaide factory Overnead Rate = (Total Budgeted Factory Overhead } + fotal busgeted Plentwide Mlocation Base\} Woolcorp has been using combing machine hours as its aliocabon base. complied the folitwing information for yeu on the sroduction of 500 pounds of either raw wool or wosl yarn: Sngie Partaibe Foctory overhebd fase: I Der combing hout Activity-Based Costing \begin{tabular}{llr} Type of Cost & Activity notal Cost \\ \hline Sorting & Hours of sorting & $25,600 \\ Cieaning & beits of cleasing machine power & 38,400 \\ Combing & Hours of combing machine use & 1,200 \end{tabular} \begin{tabular}{lrr} & Raw Woot & Wool Yarn \\ \hline Hours of sorting required & 300 & 3,200 \\ Units of cleaning machint power requered & 1,920 & 4,480 \\ Hours of combing machine use required & 80 & 20 \end{tabular} In the foliswing tabie, compute and eeker the actwity rati for each of the three activities, If requlred, round your anawers to the nearest cent. \begin{tabular}{ll} Activity & Activity Rate \\ \hline Sorting per sorting hour \\ Cieaning & 4 \\ Combing \end{tabular} Need help with the following missing data. Thanks for the help!
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