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heeeeeelp need asap Please only answer if it's complete and you're certain it's correct. I really need the answers as simple as possible, but I'll

heeeeeelp need asap

Please only answer if it's complete and you're certain it's correct. I really need the answers as simple as possible, but I'll be giving a positive rating for sure!

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FireOut, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: the Home Model and the Commercial Model. The following overhead cost information is available:

Budgeted Overhead:

Receiving $ 69,580

Forming 150,500

Assembling 412,300

Testing 51,000

Painting 52,580

Packing and Shipping 824,100

________

Total Budgeted Overhead Costs $ 1,560,060

Direct Labor Hours:

Home 81,000

Commercial 15,300

________

Total Direct Labor Hours 96,300

Cartons (the cost driver for Receiving) Home 700

Commercial 300

________

Total Cartons 1,000

Machine Hours (the cost driver for Forming) Home 27,000

Commercial 8,000

________

Total Machine Hours 35,000

Number of Parts (the cost driver for Assembling) Home 165,000

Commercial 52,000

________

Total Number of Parts 217,000

Number of Tests (the cost driver for Testing) Home 15,500

Commercial 10,000

________

Total Tests 25,500

Gallons of Paint (the cost driver for Painting) Home 3,680

Commercial 1,578

________

Total Gallons 5,258 Pounds

(the cost driver for Packing and Shipping) Home 215,000

Commercial 120,000

________

Total Pounds 335,000

Expected production of the Home Model is 54,000 units and of the Commercial Model 10,200 units.

REQUIRED: A.

If FireOut uses a single plant wide overhead rate based on direct labor hours, compute the following:

1. The plant-wide overhead rate

2. The total overhead cost assigned to the Home Model

3. The total overhead cost assigned to the Commercial Model

4. The per unit overhead cost of the Home Model

5. The per unit overhead cost of the Commercial Model

B. If FireOut uses activity based costing with the following cost pools--Receiving, Forming, Assembling, Testing, Painting, and Packing and Shipping, compute the following:

1. The overhead rate for each individual cost pool based on the given cost drivers

2. The total overhead cost assigned to the Home Model

3. The total overhead cost assigned to the Commercial Model

4. The per unit overhead cost of the Home Model

5. The per unit overhead cost of the Commercial Model

C. Did the use of a single plant wide overhead rate lead to cost distortion for either model?

How did activity based costing eliminate any cost distortion?

D. Indicate whether the specific activities associated with the 6 activity cost pools would generally be value added or non-value added activities.

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