8). Given the following information, determine the activity rate for setups. Activity Pool Activity Base Budgeted Amount Setups 10,000 S180,000 Inspections 24,000 S120,000 Assembly (DLH) 80,000 S400,000 a. $58.00 b. $18.00 c. S.75 d. S5.09 9). If selling and administrative expenses are allocated to different products, they should be reported as a a. cost of goods manufactured b. factory overhead cost c. period cost d. cost of goods sold 6). If the budget estimates that a table lamp will require 2 hours of finishing and 1 hours of production, how much factory overhead will the Kaumajet Factory allocate to each unit of table lamp using the multiple production department factory overhead rate method with an allocation base of direct labor hours? a. $6.33 b. $4.91 c. $5.00 d. $7.20 7). Activity rates are determined by a. dividing the actual cost for each activity pool the actual activity base for that pool. b. dividing the cost budgeted for each activity pool by the estimated activity base for that pool. c. dividing the actual cost for each activity pool by the estimated activity base for that pool. d. dividing the cost budgeted for each activity pool by the actual activity base in that pool. The Kaumajet Factory produces two products - table lamps and desk lamps. It has two separate departments - Finishing and Production. The overhead budget for the Finishing Department is $550,000, using 500,000 direct labor hours. The overhead budget for the Production Department is $400,000 using 80,000 direct labor hours. 6). If the budget estimates that a table lamp will require 2 hours of finishing and I hours of production, how much factory overheud will the Kaumajet Factory allocate to each unit of table lamp using the multiple production department factory overhead rate method with an allocation base of direct labor hours? a. 56.33 b. 94.91 c. $5.00 d. S7.20