Halifax Brass Company manufactures pumps and valves and uses a time-driven activity-based cost Requirements (TDABC) system. Last year, Halifax recorded the following data for assigning manufacturing overhead (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to costs to its products: pumpe? How much will be assigned to valves? (Click the icon to view the data) (b) What is the company's net income? (Assume the company sells the entire amount of the products Halifax also developed the following information on revenues and costs other than manufacturing produces.) overhead Click the loon to view the revenue and other costs) Requirement (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? The moucturing overhead contaigned to pumps will be $(I) and the manufacturing overhead coutaged to valves will be $0 Requirement (b) What is the company's net income? (Assume the company sets the entire amount of the products it produces.) Total revenues Halifax Brass Company manufactures pumps and valves and uses a ven acuviy-Odsed TDABC) system. Last year, Halifax recorded the following data for assigning manufacturing overhead costs to its products: (Click the icon to view the data.) Halifax also developed the following information on revenues and costs other than manufacturing overhead: (Click the icon to view the revenue and other costs.) (a) Using the company's TDABC system, how much manufacturing on pumps? How much will be assigned to valves? (b) What is the company's net income? (Assume the company sells the producos.) Total revenues Cost of unused practical capacity 2 Net income fields and then continue to the next question Capture Arrow Text Callout Shape Stamp Fill Move Selection Blur Undo Redo - X i Data Table Unit Cost Estimates (Rates per Hour) D Total Unit Time Estimates Practical Capacity Not (Hours Assigned to Products) Assigned to Products (Hours) Pumps Valves 1,500 1,800 300 5,000 6,000 200 200 400 50 Machine setups and run time $20 per machine hour Labor for setups, receiving, and packing $30 per labor hour Engineering (for specializing products) $80 per engineering hour Print Done Tag Q 100% 1229 x 469px Size: 88.02 KB Date: 6/13/2020 7:45 AM Dimensions: 1229 x 469 A Data Table Total revenues $ Total direct labor cost $ 890,000 120,000 90,000 Total direct materials cost $ SG and A expenses $ 100,000 Print Done