Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and Indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources, Equipment depreciation (total) Indirect labor (total) $ 7,310 Distribution of Resource Consumption Across Activity Cost Pools $ 20,800 Machining 0.20 0.30 Setting Up 0.50 Other 0.30 0.40 0.30 Equipment depreciation Indirect labor Costs in the Machining 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. Product S4 Product Co MO 15,300 3.100 23, 400 Batches 300 1,400 1,700 Total Additional data concerning the company's products appears below: Product S4 Product Co Sales (total) $ 78,900 5.72.900 Direct materials (total) $ 21,900 $ 23,600 Direct labor (total) $ 42,600 $ 26,300 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 C Required Assign overhead costs to activity cost pools using activity-based costing 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 C Required D Assign overhead costs to activity cost pools using activity-based costing. Activity Cost Pools Machining Setting Up Other Total Equipment depreciation Indirect labor Total Required Required B 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 C 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 Machining Setting up per batch per MH (Required A Required 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 cRequired 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 S4 Product Co 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 Rebuired D Determine the product margins for each product using activity-based costing. (Round Intermediate calculations to 2 decimal places.) Product Margin Product S4 Product CO
