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help fill in the yellow blanks begin{tabular}{|c|c|c|c|c|} hline 4 & A & B & C & D hline 29 & multicolumn{3}{|c|}{ 5. Use the
help fill in the yellow blanks
\begin{tabular}{|c|c|c|c|c|} \hline 4 & A & B & C & D \\ \hline 29 & \multicolumn{3}{|c|}{ 5. Use the Activity Rates to calculate the total overhead applied to each jacket type. } & \\ \hline 30 & \multicolumn{2}{|c|}{ 6. Calculate the Gross Profit per jacket type. } & & \\ \hline 31 & & & & \\ \hline 32 & \multicolumn{3}{|c|}{ Traditional System } & \\ \hline 33 & \multirow{2}{*}{\multicolumn{3}{|c|}{ Predetemined Overhead Rate }} & \\ \hline 34 & & & & \\ \hline 35 & & Spring & Winter & \\ \hline 36 & Total Overhead Applied & & \multirow[b]{2}{*}{} & \\ \hline 37 & Direct Materials cost per unit & & & \\ \hline 38 & Direct Labor cost per unit & & r & \\ \hline 39 & Overhead cost per unit & & V & \\ \hline 40 & Total cost per unit & & & \\ \hline \multicolumn{5}{|l|}{41} \\ \hline 42 & \multicolumn{3}{|l|}{ Gross Profit per unit } & \\ \hline 43 & & & & \\ \hline 44 & \multicolumn{4}{|c|}{ Activity-Based Costing System } \\ \hline 45 & Activity & Cost & ActivityDriverAmount & Rate \\ \hline 46 & Cutting & & & \\ \hline 47 & Sewing & T & V & V \\ \hline 48 & Inspecting & T & r & V \\ \hline 49 & Packing & T & V & V \\ \hline 50 & Machine Setups & F & V & V \\ \hline 51 & Material Moves & r & V & r \\ \hline \end{tabular} Comparing a Traditional Costing System to an Activity-Based Costing System Marider Industries makes two types of windbreaker jackets: one for spring and one for winter. Marider uses a traditional costing system and is considering switching to an Activity-Based Costing system. Marider applies overhead on the basis of direct labor hours. Below is information about its production facility. Required: 1. Calculate the Predetermined Overhead Rate. 2. Use the Predetermined Overhead Rate to calculate total overhead applied to each jacket type. 3. Calculate the Gross Profit per jacket type. 4. Calculate the Activity Rates for the Activity-Based Costing system. 5. Use the Activity Rates to calculate the total overhead applied to each jacket type. 6. Calculate the Gross Profit per jacket type. 7. Indicate whether the traditional costing system overcosted or undercosted the jacketsStep by Step Solution
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