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Coats Galore Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Calculate the activity-based overhead
Coats Galore Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Calculate the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal places, e.g. 15.25.)
Estimated Estimated Use of Cost Activity Cost Pools Overhead Drivers per Activity Designing $504,990 18,600 designer hours Sizing and cutting 4,238,580 172,300 machine hours Stitching and trimming 1,596,140 87,700 labour hours Wrapping and packing 431,730 35,100 finished units Rate Cost Pool Designing per designer hr. Sizing and cutting S per machine hr. Stitching and trimming per labour hr. Wrapping and packing 01 per unit
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