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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.)
Activity Cost Pools | Estimated Overhead | Estimated Use of Cost Drivers per Activity | |||
Designing | $494,460 | 16,400 | designer hours | ||
Sizing and cutting | 4,121,040 | 184,800 | machine hours | ||
Stitching and trimming | 1,600,525 | 87,700 | labour hours | ||
Wrapping and packing | 387,550 | 33,700 | finished units |
Cost Pool | Rate | |
Designing | $ ( ) per designer hr. | |
Sizing and cutting | $ ( ) per machine hr. | |
Stitching and trimming | $( ) per labour hr. | |
Wrapping and packing | $( ) per unit |
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