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3 Groles Corporation has an activity-based costing system with three activity cost pools--Processing. Setting Up, and Other The company's overhead costs, which consist of factory utilities and Indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Costs in the Processing 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. Data concerning the two products and the company's costs and activity based costing system oppear below Factory utilities (total) Indirect labor (total) $29,200 $ 9,500 Distribution of Resource Consumption Across Activity Cost Pools Factory utilities Indirect labor Processine 0.30 0.90 Setting up 0.10 0.50 Other 0.00 0.20 Batches 7,200 Products Product 1 Total 500 1,600 10,400 Sales (total) Direct materials (total) Direct labor (total) Product $66,200 $19,000 $26.900 Products $ 94,100 $1,600 543,800 Required: a. Assign overhead costs to activity cost pools using activity-based costing b Calculate activity rates for each activity cost cool using activity based costing 3 Product S8 Product F1 Total MHS 3,200 7,200 10,400 Batches 1,100 500 1,600 Sales (total) Direct materials (total) Direct labor (total) Product S8 $66,200 $19,800 $26,900 Product F1 $ 94,100 $. 36,600 $43,800 Required: a. Assign overhead costs to activity cost pools using activity based costing b. Calculate activity rates for each activity cost pool using activity bosed 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 Required Required Required D Assign overhead costs to activity cost pools using activity-based costing, Activity Cost Pools Processing Setting Up Other Total Factory utilities Indirect labor Total PA Required B > 3 Product $8 Product F1 3,200 7,200 10,400 Hatches 1,100 500 1,600 Total Sales (total) Direct materials (total) Direct labor (total) Product 58 $66,200 $19,800 $26,900 Product FI $ 94,100 $36,600 * 41,800 Required: 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 Required Required Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) Activity Cost Pools Activity Rate Processing per MH Setting up per batch 3 Product 58 Product F1 Total MHS 3,200 7,200 10,400 Batches 1,100 500 1,600 Sales (total) Direct materials (total) Direct Labor (total) Product 58 $66,200 $19,800 $26,900 Product F1 $ 94,100 5 36,600 $ 43,800 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 Required D Determine the product margins for each product using activity-based costing, (Round intermediate calculations to 2 decimal places.) Product Margin Product S8 Product F1
