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I need the steps please Altex Inc. manufactures two products: car and truck wheels. To determine the amount of overhead to asdecimaln to each product

I need the steps please

Altex Inc. manufactures two products: car and truck wheels. To determine the amount of overhead to asdecimaln to each product line, the controller, Robert Hermann, has developed the following information.

Car

Truck

Estimated wheels produced

41,760

15,000

Direct labor hours per wheel

1

3

Total estimated overhead costs for the two product lines are $723,900.

Compute the overhead cost assigned to the car and truck wheels, assuming that direct labor hours is used to allocate overhead costs. (Round computations to 3 decimal places, e.g. 9.250 and answers to 0 decimal places, e.g. 250,000. Your total will be off slightly due to rounding.)

Car Wheels

$

Truck Wheels

$

Hermann is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the truck wheel product line because of its complexity. He therefore develops the following three activity cost pools and related cost drivers to better understand these costs.

Activity Cost Pools

Expected Use of Cost Drivers

Estimated Overhead Costs

Setting up machines

1,000

setups

$190,400

Assembling

86,760

labor hours

273,600

Inspection

1,200

inspections

226,000

Compute the activity-based overhead rates for these three cost pools. (Round your answers to 3 decimal places, e.g. 175.250.)

Setting up machines

$

Assembling

$

Inspection

$

Compute the cost that is assigned to the car and truck product lines using an activity-based costing system, given the following information.

Expected Use of Cost Drivers per Product

Car

Truck

Number of setups

200

800

Direct labor hours

41,760

45,000

Number of inspections

100

1,100

Car Wheels

Setting up machines

$

Assembling

$

Inspection

$

Total

$

Truck Wheels

Setting up machines

$

Assembling

$

Inspection

$

Total

$

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