Question
A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $47,035 and the cost drivers for Product 1
A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $47,035 and the cost drivers for Product 1 is 392 and 216 for Product 2. The assembling activity pool has estimated costs of $42,729 and the cost drivers for Product 1 is 440 and 160 for Product 2. Direct labor hours for Product 1 is 50,000 and 45,000 for Product 2. What is the manufacturing overhead rate to be used under activity-based costing for the assembly pool? Round your final answer to two decimal places and do not write a dollar sign.
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