Greife Corporation's activity-based costing system has three activity cost pools--Machining. Setting Up, and other. The company's overhead costs have already been allocated to these cost pools as follows: Machining Setting Up Other $ 72,798 $119,978 $ 23,900 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting up cost pool are assigned to products based on the number of batches. Costs in the other cost pool are not assigned to products. The following table shows the machine-hours and number of batches associated with each of the company's two products: MHS Batches Product ke 2,580 1,330 Product W9 8,450 1,180 Total 11,030 2,510 Additional data concerning the company's products appears below: Product KO Product W9 Sales (total) $273,000 $273,800 Direct materials (total) $ 88,300 $ 83,500 Direct labor (total) $ 99,400 $ 66,300 Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places. Activity Cost Pools Activity Rate Machining Setting up per MH per batch Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Required a Required B Required Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Amount of Overhead Cost Product KO Product W9 Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 d places.) Product Margin Product KO Product W9
