4 Brent Corporation uses activity based costing to determine product costs for externet financial reports Activity rates computed at the beginning of the year are used to apply manufacturing overhead costs to products. The company has provided the following data concerning ts activity based costing system The data used to develop activity rates were: Activity Cost Estimated Expected Activity Pools Overhead Cost Machine related $379,600 13,000MHS machine hours) Batch setup $1144.800 27000setups setups) General factory $420,500 29000 LHS direct labour hours) The actual activity For the year was Actual Activity for the Year Activity Cost Total Product X Product Y Pools 13,000 11,000 2,000 4 26,000 3,000 23,000 Machine related machine hours) Batch setup (setups) General factory direct labour hours) 30,000 24,0001 6,000 8 02:42:27 The actual total manufacturing overhead cost incurred for the year was $1,942,300. The activity rate computed at the beginning of the year for the batch setup activity cost pool is closest to Multiple Choice $49.80 4 $49.80 02:42:14 $42.40 $38160 $74 80 5 Porter Company has provided the following data for the second quarter of the most recent year 07 02-4201 Sales Fixed manufacturing overhead Direct labour Fixed selling expense Variable manufacturing overhead Variable administrative expense Direct materials Fixed administrative expense Variable selling expense $300.000 55.000 72.500 46.250 41.000 48.000 51500 44,500 49.750 Assume that direct labour is a variable cost and that there was no beginning of ending inventories The gross margin (loss) for Porter Company for the second quarter was? Mitine Choire YILIERII CAA Saved HO Multiple Choice 5 $(12,500) 2 02:41:40 O $135,000 $80,000 $131,500