find the overhead cost assigned to each product using ABC method

Using the activity-based costing method: 1. Compute the activity-based overhead rates for the cost pools 2. Compute the overhead cost assigned to each product Using the activity-based costing method: 1. Compute the activity-based overhead rates for the cost pools 2. Compute the overhead cost assigned to each product HI Company manufactures two products: "Product A" and "Product B" The expected annual manufacturing overhead is $1,200,000. The company's managers identified three-activity cost pools and related cost drivers and accumulated overhead by cost pools as follows: Activity Expected use of Estimated Overhead Cost driver Expected use of cost drivers by product cost pool cost drivers Product A Product B Setting up machines Number of Setups $500,000 200,000 setups 120,000 80,000 Direct Labor Assembling 600,000 300,000 DL hours 180,000 120,000 Hours Number of Inspection 100,000 40,000 inspections 25,000 15,000 Inspections Using the activity-based costing method: 1. Compute the activity-based overhead rates for the cost pools 2. Compute the overhead cost assigned to each product Using the activity-based costing method: 1. Compute the activity-based overhead rates for the cost pools 2. Compute the overhead cost assigned to each product HI Company manufactures two products: "Product A" and "Product B" The expected annual manufacturing overhead is $1,200,000. The company's managers identified three-activity cost pools and related cost drivers and accumulated overhead by cost pools as follows: Activity Expected use of Estimated Overhead Cost driver Expected use of cost drivers by product cost pool cost drivers Product A Product B Setting up machines Number of Setups $500,000 200,000 setups 120,000 80,000 Direct Labor Assembling 600,000 300,000 DL hours 180,000 120,000 Hours Number of Inspection 100,000 40,000 inspections 25,000 15,000 Inspections