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apter 4 GRADED Homework Seved Help Sove & Ext Check my Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin, Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool Total Activity Activity Cost Cost Driver Standard Extra Virgin Washing. Pressing & Filtering (WPF) $1,631,750 Washing, Pressing, and Filtering hours 106,500 hours Bottling $ 620,800 Number of bottles 318,000 bottles 77.500 bottles 46,000 hours Book Additional information about each grade of olive oil is as follows: Direct Direct Sales Materials Labor Grade Revenue Costs Costs Standard $5,125,000 $900,000 $375,000 Extra Virgin $2,350,000 $600,000 $150,008 int Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product. ences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Washing, Pressing & Filtering (WPF) per hour Bottling per bottle Check UULLIV UC 210, USB 11. VULL Additional Information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $5,125,000 $2,350,000 Direct Direct Materials Labor Costs Costs $900,000 $375,000 $600,000 $150,000 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decimal places.) Standard Overhead Activity for Standard assigned to Standard Extra Virgin Activity for Overhead Extra Virgin assigned to Extra Virgin Activity Activity Rate WPF Bottling Total > (Required 1 Required 3 Chapter 4 GRADED Homework M Question 7 Chapter 4 GRADE Help DULE 7 V. UE VULLE 24. WULL JUL Additional information about each grade of olive oil is as follows: Wints Grade Standard Extra Virgin Direct Direct Sales Materials Labor Revenue Costs Costs $5,125, eee $900,000 $375,000 $2,350,000 $600,000 $150,000 eBook Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product. Hint Print Complete this question by entering your answers in the tabs below. rences Required 1 Required 2 Requred 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs UVLY > Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue 55, 125,000 $2,350, eee Direct Direct Materials Labor Costs Costs $900,000 $375,000 $600,000 $150,000 2 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product 1 Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 Required 4 Calculate the gross profit for each product. Standard Extra Virgin Revenue Cost of goods sold Gross Profit