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Computer Parts Inc., a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools are provided for
Computer Parts Inc., a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools are provided for the year 2020. Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Ordering and receiving $ 76,320 18,000 orders Etching 479,888 71,200 machine hours Soldering 1,578,850 451,100 labour hours For 2020, the company had 14,800 orders and used 55,100 machine hours, and labour hours totalled 748,900. What is the total overhead applied? (Round overhead rates to 2 decimal places, eg. 15.25 and final answer to 0 decimal places, eg. 5,725.)
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