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8. Foster Company manufactures two products (XX and YY). The overhead costs have been divided into four cost pools that use the following activity drivers:

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8. Foster Company manufactures two products (XX and YY). The overhead costs have been divided into four cost pools that use the following activity drivers: Number of Orders Number of Number of Labor Setups Transactions Hours Labor Product Xx 60 20 20 80 50 70 2,000 500 Cost per pool Required: a. Compute the allocation rates for each of the activity drivers listed. b. What are the total costs assigned to products XX and YY using activity-based costing? c. Compute the overhead rate using labor hours under the functional-based costing system. d. What are the total costs assigned to products XX and YY using the functional-based costing system overhead $16,000 $13,000 $2,400 $20,000 rate calculated in part (c)

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