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McNish Enterprise manufactures and sells two products, Standard and Premium. The company uses the activity-based costing system to allocate its overhead costs. The following information

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McNish Enterprise manufactures and sells two products, Standard and Premium. The company uses the activity-based costing system to allocate its overhead costs. The following information has been collected relating to the SIX (6) overhead activities: The activity-based usage quantities for each product are as follows: The company produces 2500 units of Standard and 2000 units of Premium Required: (i) Calculate the activity rate for each activity. (ii) Calculate the total overhead cost assigned to each product based on rates calculated in part (i). (iii) Calculate the unit cost for each product

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