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Fremont Troll House Cookies has been baking coconut cookies for 5 years. They have been selling their cookies for $ 5 each and they are

Fremont Troll House Cookies has been baking coconut cookies for 5 years. They have been selling their cookies for $5 each and they are wondering if they are charging the right price.
After categorizing the costs, we need to record the transactions for our business for the year. Assume Troll House Cookies uses process costing and allocates manufacturing overhead based on machine hours. Troll House Cookies expects to incur $80,000 of manufacturing overhead costs, and to use 400 direct labor hours during fiscal year 2024. Troll House Cookies reported the following inventories at May 31,2024:
To help them determine a good price for their product, we must put together and analyze their statements.
Coconut Flakes Purchase $20,000
Oven Depreciation $10,000
Computer Insurance $5,000
Bakery Security Guard Wages $20,000
Flour Purchased $25,000
Bakers Salaries $50,000
Bakery Electricity $1,000
Eggs Purchased $30,000
Corporate Headquarters Heating $7,000
Cookie Shipping $1,000
Butter Purchased $15,000
Baking Supervisor Salary $30,000
Sanitary Gloves Purchased (Worn by Bakers) $5,500
Sugar Purchased $20,000
Beg. Direct Materials $50,000
Ending Direct Materials $60,000
Beg. Work-In-Process Inventory $10,000
Beg. Finished Goods $6,000
Ending Work-In-Process Inventory $5,000
Ending Finished Goods $8,000
Cookies Produced 110,000 cookies
Cookies Sold 100,000 cookies
Actual Direct Labor Hours Used 500 hrs
7. Compare using a single plant-wide allocation rate versus using ABC costing to see how that could effect cookie pricing.
a. Calculate allocation rates for each activity cost pool.
b. Calculate total overhead allocated for each type of cookie.
c. Compare the amount of overhead allocated using a single plant-wide rate to using ABC costing.
Please show all caculation leading up to the answers, and the final answers should be formatted according to how it is in the picture for easy understanding...Thank you
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