Cowan Products has adopted an ABC costing system. The folowing manufacturing activities, indirect manufacturing costs, and cost drivers have been identified (Cck the loon to view the activity costs and drivers) Requirement 1. Calculate the activity cost allocation rate 1 Data Table The Job Cost Record for Job 024 revealed that direct materials required for the job totaled $1015. The Jub Cel Record also showed that direct labor for this job totaled 9 hours at a wage rate of 121 per hour. Other a coladed on The resources used by Job 24 included (Ok the icon to view the other data) Read the requirsects of the five pools listed in the table. (Round the allocation rate to the nearest cant, Abbreviations used DL direct labor machine hour) Requirements Activity Machine setup Machining Polishing. Quality control. Facility-level costs. Total manufacturing overhead (MOH) Total estimated MOH Total estimated amount of costs related to activity allocation base activity 168,000 2,400 stup 832.500 4.500 machine hours 15,000 5,000 polishing clothe 45,000 1.000 110,000 55,000 hours 1,170.500 1. Calculate the activity cost allocation rate for each of the five pocis listed in the 2. Calculate the total cost of Job #624 (use an ABC costing system) 3. Why would ABC provide a more accurate alocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Cowan Products used a tradtional costing system rather than an ABC system its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base How much cost distorsion would have occurred on this job? Print Done Print Dona