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I need step by step solutions and explanations for this question please: E5.24 Identify activity cost pools and cost drivers. (L0 2) Galavic Corporation manufactures

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E5.24 Identify activity cost pools and cost drivers. (L0 2) Galavic Corporation manufactures snowmobiles in its Blue Mountain plant. It has budgeted the following costs for the rst quarter's operations. Machine set-up, indirect materials $ 4,000 Propelty taxes '3 29,000 Inspections 16,000 Oil, heating 19,000 Tests 4,000 Electricity, plant lighting 21,000 Insurance, plant 1 10,000 Engineering prototypes 60,000 Engineering design 140,000 Depreciation, plant 210,000 Depreciation, machinery 520,000 Electricity, machinery 36,000 Machine set-up, indirect labour 20,000 Custodial (machine maintenance) wages 19,000 Instructions Classify the above costs of Galavic Corporation into activity cost pools using the following: engineering, machinery, machine setup, quality control, factory utilities, and maintenance. Then identify a cost driver that may be used to assign each cost pool to each line of snowmobiles

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