Greenbrier Manufacturing in the producer of two qualities of jet airplane Instrumentpanele, (1) premium ad urbo. During October, the company experienced above normal production Specifically, 800 premium panols were produced, and 100 turbo padlo wore produced. The overhoed continentimated to be $134,250. A breakdown of the overhead costs reveals the following activities: ACTIVITIES COST DRIVERS TOTAL COST Materials handling Number of requisitions $ 52,600 Equipment setup Number of netups 41,250 Inspections Number of inspections 40,600 Total $ 134.250 The cost analysts determined the following cost driver volumes for each product as follows: COST DRIVERS PREMIUM TURBO TOTAL Number of requisitions 500 700 1,200 Number of setup 300 500 Number of Inspections 500 750 800 2.50 INSTRUCTIONS Answer the required below. Strietly follow these specifications, otherwise the answer will be marked wrong (%). Round S-amounts to the nearest 8.01 (penny). This includes your calculations AND your answers, 6.g., 55.677 should be $5.68 Include the decimal point and cents on all dollar amounts where applicable. e.g... if the correct answer is $5.68 do NOT input $6 or $586 Include a son all dollar amounts. c.8., $467.00 NOT 467.00 or 467 Include a 1,000 separator comma) on all amounts where applicable. 1.e., $4,500 NOT 4500. For each blank, the answers are either one-word or one-S-amount answers. Do not provide a longer answer than asked. REQUIRED. Round S-amounts to the nearest S.01 (penny). This includes your calculations AND your answers, eg. $5.677 should be $5.68 . Include the decimal point and cents on all dollar amounts where applicable. c.g. If the correct answer is $5.68 do NOT input $6 or $586 Include a S on all dollar amounts.e.g.. $467.00 NOT 467.00 or 467 Include a 1,000 separator comma) on all amounts where applicable. i.e., 54,500 NOT 4500. . For each blank, the answers are either one-word or one-S-amount unswers. Do not provide a longer answer than asked. REQUIRED. 1. Compute the overhead rate for each activity. Materials Handling Equipment set up Inspections 2. Determine the amount of TOTAL overhead costs that should be assigned to each product. Premium>>> Turbo -, 3. Assume instead of ABC, the traditional method of overhead assignment used direct labor costs to assign overhead. Total direct labor hours are approximately 1,600 hours where premium used 1,067 hours and turbo used 533 labor hours. Determine the amount of total overhead cost that would be assigned to each of the two products. Premium Turbo
