ABC Co. provided you with the following information to analyze the transactions. Note the acronyms below. Raw materials: RM Work in process: WIP Finished Goods: FG Direct materials: DM Direct labor: DL Manufacturing overhead: MOH RM, beginning balance WIP, beginning balance FG, beginning balance $22,000 $33,400 $51,400 Transactions: (1) RM purchases (2) RM used in production (all DM) (3) DL (4) MOH costs incurred (5) MOH applied (6) Cost of units completed and transferred from WIP to FG (7) Any overapplied or underapplied MOH is closed to COGS (8) FG are sold $ 78,800 $ 78,200 $ 53,400 $ 94,000 $ 73,400 $190,000 ? $222,600 Required: Complete the following T-accounts by recording the beginning balances and each of the transactions listed above. ABC Co. has an activity-based costing system with the following three activity cost pools: Processing, Setting Up, and Other. The company's overhead costs consist of factory utilities and Indirect labor and are allocated to the cost pools based on the activity cost pools' proportional consumption of resources. Costs in the Processing cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs In the Other cost pool are not assigned to products. Below are the data for the two products and the company's costs and activity-based costing system: Factory utilities (total) Indirect labor (total) $29,100 $10,200 Allocation of Resource Consumption Across Activity Cost Pools: Factory utilities Indirect labor Processing 0.20 Setting Up 0.40 Other 0.40 0.20 0.50 0.30 MHs Batches Product S8 3,600 1,700 Product F1 7,400 400 11,000 Total 2,100 Sales (total) Direct materials (total) Direct labor (total) Required: Product S8 Product F1 $75,200 $ 90,600 $20,300 $ 38,500 $34,300 $ 42,800 a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. d. Determine the product margins for each product using activity-based costing