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Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $163,300, $428,400, and
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $163,300, $428,400, and $89,300, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,300, machine hours 25,200, and number of inspections 1,900, respectively. Compute the overhead rate for each activity. Hint: Predetermined Overhead Rate = Estimated Overhead Cost / Estimated Activity Base . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. . Round your response to 0 decimal place. Machine Setups $ per setup Machining $ per machine hour Inspections per inspection
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