CALCULATOR PLINTER VERSION HACK NET Exercise 4-4 al-a2, b-c (Video) Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Car Estimated wheels produced Direct labor hours per wheel 38,000 1 Truck 15,000 3 Total estimated overhead costs for the two product lines are $796,800. Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate per direct labor hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs. Car wheels $ Truck wheels LINK TO TEXT LINK TO TEXT VIDEO SIMILAR EXERCISE Hermann is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the truck wheels product line because of its complexity. He therefore develops the following three activity cost pools and related cost drivers to better understand these costs. Estimated Use of Estimated Overhead Activity Cost Poals Cost Drivers Costs 20 990 . PII Hermann is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the truck because of its complexity. He therefore develops the following three activity cost pools and related cost drivers to better understand these costs. Estimated Use of Estimated Overhead Activity Cost Pools Cost Drivers Costs Setting up machines 1,000 setups $249,000 Assembling 83,000 tabor hours 249,000 Inspection 1,200 Inspections 298,800 Compute the activity-based overhead rates for these three cost pools. Overhead Rates Setting up machines Assembling Inspection LINK TO TEXT LINK TO TEXT VIDROSIMILAR BERCISE Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, gen the following inform Estimated Use of Cost Drivers per Product Car Truck Number of setups 200 800 Direct labor hours 38,000 45,000 Number of inspections 100 1,100 Car Wheels Truck Wheels Setting up machines LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute the cost that is assigned to the car wheels and truck wheels product lines using an activity-based costing system, given the following information. Estimated Use of Cost Drivers per Product Car Truck Number of setups 200 800 Direct labor hours 38,000 45,000 Number of Inspections 100 1,100 Car Wheels Truck Wheels Setting up machines Assembling $ $ Inspection $ s Total cost assigned Click if you would like to Show Work for this question: Open Show Work LINK TO TECT LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: 0 of 2 used SAVE POR LATEN SUBMT