2 3 points 04:20:25 eBook Fanning Industries produces two electronic decoders, P and Q. Decoder P...

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2 3 points 04:20:25 eBook Fanning Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and testing than does Decoder Q. Because of these product differences, the company wants to use activity-based costing to allocate overhead costs. It has identified four activity pools. Relevant information follows: Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Total overhead cost Expected activity for each product follows: Cost Pool Total $109,200 96,800 Cost Driver Number of units produced Number of programming hours 7,020 Number of inspections 9,800 $222,820 Number of tests Hint Number of Number of Programming Number of Number of Units Hours Inspections Tests Decoder P 23,000 2,100 191 1,300 References Decoder Q 29,000 1,900 79 2,200 Total 52,000 4,000 270 3,500 Required a. Compute the overhead rate for each activity pool. b. Determine the overhead cost allocated to each product. Complete this question by entering your answers in the tabs below. Required A Required B Compute the overhead rate for each activity pool. (Round your answers to 2 decimal places.) Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Allocation Rate 2 3 points 04:20:25 eBook Fanning Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires more programming and testing than does Decoder Q. Because of these product differences, the company wants to use activity-based costing to allocate overhead costs. It has identified four activity pools. Relevant information follows: Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Total overhead cost Expected activity for each product follows: Cost Pool Total $109,200 96,800 Cost Driver Number of units produced Number of programming hours 7,020 Number of inspections 9,800 $222,820 Number of tests Hint Number of Number of Programming Number of Number of Units Hours Inspections Tests Decoder P 23,000 2,100 191 1,300 References Decoder Q 29,000 1,900 79 2,200 Total 52,000 4,000 270 3,500 Required a. Compute the overhead rate for each activity pool. b. Determine the overhead cost allocated to each product. Complete this question by entering your answers in the tabs below. Required A Required B Compute the overhead rate for each activity pool. (Round your answers to 2 decimal places.) Activity Pools Repair and maintenance on assembly machine Programming cost Software inspections Product testing Allocation Rate