Groleau Corporation has an activity-based costing system with three activity cost pools-Processing, Setting Up, and other. The company's overhead costs, which consist of factory Utilities and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Costs in the Processing 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. Data concerning the two products and the company's costs and activity-based costing system appear below Factory utilities (total) Indirect labor (total) $31,300 $ 9,900 Distribution of Resource Consumption Across Activity Cost Pools Factory utilities Indirect lobor Processing 0.30 0.40 Setting Up 0.30 0.20 Other 0.48 Product 58 Product F1 Total HUS 3,700 8.000 11,700 Batches 1,300 980 2,200 Product 58 Product F1 MHS 3,700 8,000 11,789 Batches 1,300 900 2,200 Total Sales (total) Direct materials (total) Direct labor (total) Product S8 $70,300 $22,900 $27,200 Product F1 $ 100,400 $ 40,160 $ 43,700 Required: a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing d. 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 Required D Assign overhead costs to activity cost pools using activity-based costing. Activity. Cost Pools a. Assign overead costs to activity cost poois using activity-based cosung. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount of overhead cost that would be assigned to each product using activity-base d. 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 Required D Assign overhead costs to activity cost pools using activity-based costing. Activity Cost Pools Processing Setting Up Other Total Factory utilities Indirect labor Total a. Assign overead costs to activity cost poois using activity-based cosung. b. Calculate activity rates for each activity cost pool using activity based costing c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing d. 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 Required D Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) Activity Cost Pools Activity Rate Processing per MH Setting up per batch Pools using actvity-based cosung b. Calculate activity rates for each activity cost pool using activity-based costing. c Determine the amount of overhead cost that would be assigned to each product using activity-based costing d. 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 Required D 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 S8 Product F1 a. Assign overead costs to acuvity Cost poors using activity-based cosung. b. Calculate activity rates for each activity cost pool using activity based costing c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. d. 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 Required D Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Product Margin Product S8 Product F1
