10 Rosehut Olive Oil Company makes two grades of olive oil standard and extra virgin Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool 09 points Activity Washing. Pressing A Piltering (MP) Bottling Total Activity coat Cost Driver $1,631,750 Washing, Pressing, and Filtering hours $ 620,000 Number of bottles Standard 46,000 hours 310,000 bottles Extra Virgin 106,500 hours 77,500 bottle Saipped loc Additional information about each grade of olive oil is as follows: Direct Labor Sales Grade Revenue Standard 55,125.000 Txtra Virgin $2,350,000 Direct Materials Conta $900,000 1600,000 5375,000 $150,000 Required: 1. Calculate the activity rate for each cost pool 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required a Required 4 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal places.) Cost Pool Activity Washing, Pressing & Filtering (WPF) Bottling per hour per bottle Required Required 2 > Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to decimal places.) Standard Extra Virgin Overhead Overhead Activity Activity for Activity Rate Activity for assigned to Standard Extra Virgin assigned to Standard Extra Virgin WPF Bottling Total $ $ 0 0 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs $ 0 $ 0 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the gross profit for each product. Standard Extra Virgin Revenue Cost of goods sold Gross Profit $ 0 $ 0 Required 3 Required
