Gamble Products has adopted an ABC costing system. The following manufacturing The Job Cost Record for Job #624 revealed that direct materials requisitioned f activities, indirect manufacturing costs, and cost drivers have been identified: the job totaled $1,100. The Job Cost Record also showed that direct labor for th (Click the icon to view the activity costs and drivers.) job totaled 12 hours at a wage rate of $29 per hour. Other data collected on the resources used by Job #624 included: E: (Click the icon to view the other data.) Read the requirements. Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviations use DL = direct labor; MH = machine hour.) Total activity cost pool 40,000 Total activity allocation base 1,000 Activity cost allocation rate 40.00 per setup Machine setup $ S $ 765,000 4,500 = $ 170.00 per MH Machining Polishing $ 96,000 8,000 = $ 12.00 per cloth Quality control $ 150,000 5,000 S 30.00 per test Read the requirements. Requirement 2. Calculate the total cost of Job #624 (use an ABC costing system). Job Cost Record Manufacturing JOB # 624 Costs Direct materials $ 1,100 Direct labor $ 348 Manufacturing overhead allocated $ 1,378 2,826 Total job cost Requirement 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? :3 Question Help Data Table Job #624 revealed that direct materials requisitioned for he Job Cost Record also showed that direct labor for this the Data Table Total estimated MOH costs related to activity 40,000 Total estimated amount of allocation base activity Activity Machine setup 1,000 setups $ 765,000 4,500 machine hours 4 machine setups required Machining Polishing Quality control $ 96,000 8,000 polishing cloths 6 machine hours $ 5,000 tests run 150,000 192,500 $ Facility-level costs 55.000 DL hours 3 polishing cloths 4 quality control tests run $ 1,243,500 Total manufacturing.overhead (MOH)... Print Done Print Done Requirement 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? nearest Wnioje domai.) Total estimated manufacturing overhead . Total estimated amount of allocation base = Plantwide overhead rate 1,243,500 : 55,000 - $ 23 How much cost distortion would have occurred on this job? (Use parentheses or a minus sign for under-costed amounts.) Job #624 Plantwide overhead allocated Less: ABC Cost distortion difference