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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 Designing Sizing and cutting Stitching and trimming Wrapping and packing Estimated Estimated Use of Cost Overhead Drivers per Activity $503,335 19,700 designer hours 4,591,785 163,700 machine hours 2,421,000 80,700 labour hours 396,630 33,900 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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