Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application Patten's 20x1 total budgeted overhead costs for these two activities are $455,000 (90% for injection molding and 10% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20xt are as follows: Pounds of plastic molded 1,990,000 Number of decals applied 196,000 Required: 1. Calculate the activity rate for the plastic Injection molding activity. Round your answer to the nearest cent. per pound molded 2. Calculate the activity rate for the decal application activity. Round your answer to the nearest cent per decal applied Comparing ABC ant pentwide Overhead Cost Assignments Wellington Chiocel bany uses activity-based costing (AUC). The controller identifled two activities and their budgetnd costs: Setting up equipment $540,000 Other overheard $1,944,000 Setting up equipment is based on setup hours, and other overhead is based on oven hours. Wellington produces two products, Fudge and Cookies. Information on each product is as follows: Fudge Cookies Units produced 8,000 445,000 Setup hours 7,200 1,800 Oven hours 1,800 12,600 Required: Round your answers to the nearest whole dollar, unless otherwise directed. 1. Calculate the activity rate for (a) setting up equipment and (b) other overhead. Setting up equipment per setup hour b. Other overhead per oven hour 2. How much total overhead is assigned to Fudge using ABC? Required: Round your and to the nearest whole dollar, unless otherwise directed. 1. Calculate the activity rate for (8) setting up equipment and (b) other overhead. a. Setting up equipment b. Other overhead 2. How much total overhead is assigned to Fudge using ABC? per setup hour per oven hour 3. What is the unit overhead assigned to Fudge using ABC? Round to the nearest cent. per unit 4. Now, Ignoring the ABC results, calculate the plantwide overhead rate, based on oven hours. Round to the nearest cent. per oven hour 5. How much total overhead is assigned to Fudge using the plantwide overhead rate? 6a. The difference in the total overhead assigned to Fudge is different under the ABC system and non-ABC system because 6b. What is the difference in total overhead assigned to fudge under the two methods