Can you please provide your work to help me gain understanding as well as check the work I've already done for A and B? Thank you!
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Equipment depreciation (total) Indirect labor (total) $35,300 $ 7,910 Distribution of Resource Consumption Across Activity Cost Pools Equipment depreciation Indirect labor Machining 0.40 0.40 Setting Up 0.10 .40 Other 0.50 0.20 0 Costs in the Machining 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. Product 54 Product ce Total MHS 8.380 7,800 16,100 Batches 408 1,600 2,000 Additional data concerning the company's products appears below: Sales (total) Direct materials (total) Direct labor (total) Product 54 $80, 180 $ 22,200 $41,500 Product Co $ 65,700 $ 22,800 $ 27,000 Required: 3. 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. Required: 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Assign overhead costs to activity cost pools using activity-based costing. s Equipment depreciation Indirect labor Total Activity Cost Pools Machining Setting Up 14.120 3,530 $ 3,1641 3,164 $ 17,284 S 6,694 $ Other 17,650 $ 1 ,582 $ 19,232 $ Total 35,300 7,910 43,210 RADA Required B > Required: 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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) Activity Cost Pools Machining Setting up $ 5 Activity Rate 1.07 per MH 3.35 per batch Required: 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Amount of Overhead Cost Product S4 Product Co (Required B Required D > Required: 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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 decir places.) Product Margin Product S4 Product CO
