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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 77,250.00 $111,600.00 $

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine maintenance Setups Cost $ 77,250.00 $111,600.00 $ 76,322.00 Activity Driver Number of moves Number of machine hours Number of production runs Activity 500 37,200 62 Chipman makes 3 models of pumps with the following details: Economy Standard Units produced Number of moves 10,170 21,600 Premium 3,595 201 129 170 Machine hours. 9,150 21,100 6,950 Production runs 9 20 33 b. Determine the amount of indirect costs assigned to each of the products. your answers to 2 decimal places.) Models Economy Standard Premium Cost

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