I'm stuck can I get some help with section b. please? Thank you.

Elliot-Jones manufactures two large-screen television models. The 65-inch flat-panel LED model has been in production since 2012 and sells for $900. The company introduced a 55-inch 4K ultra HD in 2016; it sells for $1,200. The company's income statement for the current year follows. Based on these results, management has decided to concentrate the company's marketing efforts on the 4K ultra HD model and begin to phase out the LED model.

Elliot-Jones Income Statement For the Year Ended December 31
		65" LED		55" 4K Ultra HD		Total
Sales Revenue		$	18,000,000			$	6,000,000			$	24,000,000
Cost of goods sold			11,800,000				4,015,500				15,815,500
Gross profit			6,200,000				1,984,500				8,184,500
Selling and administrative expenses			5,300,000				978,000				6,278,000
Operating income		$	900,000			$	1,006,500			$	1,906,500
Units produced and sold			20,000				5,000
Operating income per unit sold		$	45.00			$	201.30

The unit costs for the two television models are as follows:

		65" LED		55" 4K Ultra HD
Direct materials			$352.00				$656.00
Direct labor			18.00				42.00
Manufacturing overhead			220.00				105.10
Total unit cost			$590.00				$803.10

Mark Renn, Elliot-Jones' controller, just attended a seminar on activity-based costing and believes the company should implement such a system. He has gathered the following annual information to explore the possibility.

				Number of Events
Activity Cost Pool		Cost Driver	Traceable Costs		65" LED		55" 4K Ultra HD		Total
Soldering		number of solder joints	$942,000		1,185,000		385,000		1,570,000
Shipping		number of shipments	860,000		16,000		4,000		20,000
Quality control inspecting		number of inspections	1,248,000		56,250		21,750		78,000
Purchasing		number of orders	1,050,000		65,000		110,000		175,000
Machining		number of machine hours	70,400		150,000		26,000		176,000
Machine setups		number of setups	750,000		11,000		14,000		25,000
Total traceable costs			$4,920,400

(a)

Correct answer icon

Your answer is correct.

Calculate the activity rate for each activity cost pool. (Round answers to 2 decimal places, e.g. 15.25.)

Cost Pool		Activity Rate
Soldering	0.60	$enter the activity rate per joint in dollars / joint
Shipping	43.00	$enter the activity rate per shipment in dollars / shipment
Quality control	16.00	$enter the activity rate per inspection in dollars / inspection
Purchasing	6.00	$enter the activity rate per purchase order in dollars / purchase order
Machining	0.40	$enter the activity rate per machine hour in dollars / machine hour
Setups	30.00	$enter the activity rate per setup in dollars / setup

(b)

Allocate overhead costs to each product using activity-based costing. (Round per unit answers to 2 decimal places, e.g. 15.25.)

Cost Pool		65" LED	55" 4K Ultra HD
Soldering		$enter a dollar amount	$enter a dollar amount
Shipping		enter a dollar amount	enter a dollar amount
Quality control		enter a dollar amount	enter a dollar amount
Purchasing		enter a dollar amount	enter a dollar amount
Machining		enter a dollar amount	enter a dollar amount
Setups		enter a dollar amount	enter a dollar amount
		$enter a total amount	$enter a total amount
Units produced		enter the number of units produced	enter the number of units produced
OH per unit		$enter the overhead per unit amount in dollars rounded to 2 decimal places	$enter the overhead per unit amount in dollars rounded to 2 decimal places