based costing system based on the following data: Cost Assigned $ Activity Production Setup Material handling & requisitions Packaging & Shipping Total Overhead Cost Driver Setups Parts Units shipped 100,000 30,000 60,000 190,000 Travel Clocks 20 setups 24 parts 80,000 units Watches 30 setups 36 parts 120,000 units $ Problem D (a) Compute the amount of total overhead allocated to each of the products under activity based costing. Step 1 Calculate Activity Rates (first one done for you) OH Cost assigned $100,000 the financime Activity Production Setup Material Handling Packaging and Shipping Chint add clocks and watches together Total Activity 50 setups part units shipped this is a formula done for you Activity Rate (Predetermined OH Rate) $2,000 per setup per part per unit shipped $100,000 Step 2: Allocate overhead to each product (first one done for you) Travel Clocks 40,000 1000 5 $ Watches 60,000 to 12.panel Production Setup Material Handling Packaging and Shipping Total Overhead Tot $ $ 40,000 his formular done for you S 60,000 Aho formula one for you! (the form done for you 50,000 this ao formulo done for you b) Compute the amount of total overhead allocated to each product using the POHR with labor hours as the allocation base. Assume labor-hours required to assemble each unit are 0.5 per travel clock and 10 per watch, and that 80,000 travel clocks and 120,000 watches were produced. Step 1: Colculate the Predetermined Overhead Rate (POHR) using Total Direct Labor Hours as the allocation base: Total Overhead Total Direct labor hours per DL hour DLH (Hint: Do not round POHRI the deces and watch the Step 1: Calculate actual direct laborused: (see Desculation below Units Producer Laber Hours required Total direct labor hours Travel Clocks Watches DLH per clock DUH per watch 0 Total Direct Labor Hours this is a formulo done for you Step 2: Apply overhead using the Predetermined Overhead Rate (POHR) calculated above Travel Clocks Watches Total Overhead applied factwo DE POMRI $ this formula den for you (?? DLX 522 177 Olhrx577)