Marider Industries makes two types of windbreaker jackets: one for spring and one for winter. Marider uses a traditional costing system and is considering switching to an Activity Based Costing system. Marider applies overhead on the basis of machine hours. Below is information about its production facility. Kinter $288,000 $26,100 Spring $ 378,000 $ 52,900 $ 41,400 4,200 10,880 $117,000 14,500 $ 24,300 Sales Materials Cost Labor Cost Units Produced and Sold Total Direct Labor Hours Total Estimated Overhead Cost Total Estimated Direct Labor Hours 2,400 3,240 Activity-Based Costing Information Total Estimated Spring Minter Activity Cutting Sewing Activity Driver Cutting Hours Sewing Hours Cost Usage Usage Total $ 21,060 1,580 748 2,320 $ 32,760 9,300 2,500 11,00 Inspecting Packing Number of Inpections Units Produced $ 4,680 200 se 250 $11,700 2,300 900 3,200 Machine Setups Number of Setups $ 17,550 60 150 230 Material Moves Number of Material Moves $29,250 20 110 Required: 1. Calculate the Predetermined Overhead Rate. 2. Use the Predetermined Overhead Rate to calculate total overhead applied to each jacket type. 3. Calculate the Gross Profit per jacket type 4. Calculate the Activity Rates for the Activity-Based Costing system. 5. Use the Activity Rates to calculate the total overhead applied to each jacket type 6. Calculate the Gross Profit per jacket type. 7. Indicate whether the traditional costing system overcosted or undercosted the jackets Navigation: 1. Use the Open Excel In New Tab button to launch this question 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect Marider Industries makes two types of windbreaker jackets: one for spring and one for winter. Marider uses a traditional costing system and is considering switching to an Activity-Based Costing system. Marider applies overhead on the basis of direct labor hours Below is information about its production facility. Spring Winter 5 Sales Materials Cost S 378,000 $ 288,000 S 52,900 $ 26,100 Labor Cost S 41,400 $ 24,300 Units Produced and Sold: 4,200 2,400 O Total Direct Labor Hours 10,880 3,240 1 2 Total Estimated Overhead Cost S 117,000 3 Total Estimated Direct Labor Hours 14,500 Activity-Based Costing information Total Estimated Cost 6 Activity Activity Driver Spring Usage Winter Usage Total Cutting 8 Sewing 9 Inspecting Cutting Hours S 21,060 1,580 Sewing Hours $ 32,760 9.300 Number of Inpections $ 4,630 200 Packing Units Produced $ 11,700 2,300 1 Machine Setups: Number of Setups S 17,550 60 Material Moves Number of Material Moves S 29,250 20 288888 + 740 2,500 2,320 11,800 250 900 3,200 150 210 110 Required: 1. Calculate the Predetermined Overhead Rate. 2 Use the Predetermined Overhead Rate to calculate total overhead applied to each jacket type. 3. Calculate the Gross Profit per jacket type. Traditional System 33 Preditchined Ouirbisad Rate 34 35 36 Total Overhead Applied 37 Direct Materials cost per unit 38 Direct Labor cost per unit 39 Overhead cost per unit 40 Total cost per unit 41 Winter Spring 42 Gross Profit per unit: 143 44 Activity-Based Costing System Cost 45 Activity 46 Cutting 4 Sewing 48 tespecting 40 Packing 50 Machine Setups 51 Material Moves 52 53 54 Cutting overhead cost 55 Sewing overhead cost 56 inspecting overhead cost Packing overhead cost Machine Setups overhead cost Graded Worksheet Activity Driver Amount Rate Spring Winter + . Material Moves A 3 4 Cutting overhead cost 5 Sewing overhead cost Inspecting overhead cost 7 Packing overhead cost 8 Machine Setups overhead cost 9 Material Moves overhead cost 1 Total Overhead Cost 2 Direct Materials cost per unit 3 Direct Labor cost per unit 4 Overhead cost per unit 5 Total cost per unit 50 Gross Profit per unit 58 Winter 97. Indicate whether the traditional costing system overcosted or undercosted the jackets 10 2 Volume Cost Students: The scratchpad are Spring Winter need to solve this au + H