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I need help with part B please Ivanhoe, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and
I need help with part B please
Ivanhoe, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments and 200 pressure gauges were produced, and overhead costs of $ 90,810 were estimated. An analysis of estimated overhead costs reveals the following activities. 1. 2 Activities Cost Drivers Total Cost Materials handling Number of requisitions $38,190 Machine setups Number of setups 29,580 Quality inspections Number of inspections 23,040 $ 90,810 3. The cost driver volume for each product was as follows. Instruments Gauges Total 425 580 1,005 Cost Drivers Number of requisitions Number of setups Number of inspections 175 335 510 265 215 480 (a) Your answer is correct Determine the overhead rate for each activity, Overhead Rate Materials handling $ 38 per requisition Machine setups $ 58 per setup Quality inspections $ 48 per inspection (b) Assign the manufacturing overhead costs for April to the two products using activity-based costing (Round per unit answers to 2 decimal places, eg. 12.25.) Instruments Gauges Total cost assigned $ Overhead cost per Unit $ $ Step by Step Solution
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