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) $ 35,100 Indirect lobor (total) $ 10,900 Distribution of Resource Consumption Across Activity Cost Pools Factory utilities Indirect labor Processing 0.30 9.40 Setting Up 0.40 0.20 Other 0.30 0.40 Products Product 1 Total 3,000 2500 10,500 Batches 19400 800 2,200 Products Product soles (total) $ 70,850 599.000 Direct materials (total) 5 10,100 $ 40,100 Direct Lobor (total) $31.900 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 Factory utilities (total) Indirect labor (total) $ 35,100 $ 10,900 Distribution of Resource Consumption Across Activity Cost Pools Factory utilities Indirect labor Processing 0.30 0.40 Setting Up 0.40 0.20 Other 0.30 0.40 Product S8 Product F1 Total MHS 3,000 7,500 10,500 Batches 1,400 800 2,200 Product S8 Product F1 Sales (total) $ 70,850 $ 99,000 Direct materials (total) $ 19,109 $ 40,100 Direct labor (total) $ 31,900 $ 41,200 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 AJU 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 Processing Setting Up Other Total Factory Utilities Indirect labor Total 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 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 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 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 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 Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Product Margin Product S8 Product F1
