C D G Q Inc. assembles customer products and estimates the following overhead costs for the year: 3 Indirect materials Indirect labor Other overhead Total actual overhead $ 160,000 $ 200,000 $ 240,000 $ 600,000 10 The Company is piloting an ABC system with the following activity cost pools: setup, assembly, and other. The Company also 1 provided the following estimated total cost drivers, respectively: 8,000 labor hours, 10,000 parts, and not applicable. Indirect materials Indirect labor Other overhead Setup 40% 50% 30% Assembly 50% 25% 20% Other 10% 25% 50% Total 100% 100% 100% BLO7-1 (point each) Identify the cost driver that is: O a. Transaction cost driver b. Duration cost driver -4 LO7-2 (% point each) Convert the distribution of resource consumption into estimated overhead amounts for each activity: sno a. Setup activity b. Assembly activity LO7-3 (% point each) Compute the predetermined overhead rates (i.e., activity rates) under the ABC system: - a. Setup activity H b. Assembly activity 5 L07-4 (% point) Compute the overhead cost for one customer's Job #314 that takes 10 labor hours and requires 5 parts. LO7-5 (% point) Compute the margin for Job #314, which was sold to the customer for $1,000, and required direct materials of $250 and direct labor of $200 Sheet1 0 0