10. Vertex Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produces 5,000 nubby tires and 10,000 smooth tires each year and incurs $167,000 of overhead costs. The following information is available: Materials handling $60,000 Machine setups Quality inspections 57,000 Number of requisitions Number of setups Number of inspections 48,000 For the nubby tires, the company has 400 requisitions, 250 setups, and 200 inspections. The smooth tires require 200 requisitions, 550 setups, and 400 inspections Instructions Determine the overhead rate for each activity. 11. s.. Johnson Manufacturing has five activity cost pools and two products (a budget lawnmower and a deluxe lawnmower) Information is presented below: Cost Drivers by Product Activity Est Cost Pool Cost Driver Overhead Budget Deluxe Overhead Rate Ordering 400 $120/order Orders $120,000 600 and Receiving Machine 400 $330/setup Setup Setups 297,000 500 Machine 150,000 100,000 $4/machine hour Machining hours 1,000,000 1,200,000 800,000 $0.70/part Assembly 1,400,000 Parts Inspection Inspections 450 300/inspection Instructions Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe Round your answer to the nearest cent Problems 10 & 11 Name Section Date Problem 10-6 points Make sure you label your answer or clearly label the column headings 0 2lHandlin 1 3 setups 2 4Inspections 8 10 9 11 0 12 113Problem 11 10 points 2 14 3 15 4 16 Budget Deluxe 5 17 Cost Cost 6 18 cost driver rate Assigned cost driver rate Assigned 7 19 8 20Ordering/receivin 9 21IMachine setu 0 221 Machini 1 23Assemb 2 24 Inspection 3 25 4 26 5 27 6 28 7 29 8 30