Musich Corporation has an activity-based costing system with three activity cost pools--Machining. Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and indirect labor, have been allocated to the cost pools already and are provided in the table below. Metivity Cont Tools Machining Setting Up Equipment depreciation Other Total $ 8,800 Indirect labor $ 47,200 $ 23, 200 $ 79,200 2,600 2,600 3,800 10,000 Total $12,400 $ 49,800 527,000 5.09.200 Costs in the Machining 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 appear below. M Batches Product 23 5.700 600 Product Ti 3900 1,200 Total 11,600 1,800 Sales (total) Direct materials (total) Direct labor (total) Product Product Y 5224,00 3252,500 $ $2,500 $97.000 $109,400 $103,700 Required: a. Calculate activity rates for each activity cost pool using activity-based costing b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing c. 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 c Calculate activity rates for each activity cost pool using activity-based costing. (Round your answers to 2 decimal places.) Activity Rate Activity Cost Pools TEM Product T1 Total 5.900 11,600 bu 1,200 1,800 6:12 Sales (total) Direct materials (total) Direct labor (total) Product 23 Product TI $224,800 $ 252,500 $ 82,500 $ 97,000 $109,400 $103,700 Required: a. Calculate activity rates for each activity cost pool using activity-based costing b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. 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 C Calculate activity rates for each activity cost pool using activity-based costing (Round your answers to 2 decimal places) Activity Cost Pools Activity Rate Machining Setting up Reguda Required B > per MH per batch Product 23 Product T1 MRS 5,700 5,900 11,600 Batches 600 1.200 1,800 01:26:04 Total Sales (total) Direct materials (total) Direct labor (total) Product 23 Product 71 $224,800 $ 252,500 $ 82,500 $ 97,000 $109,400 $103,700 Required: a. Calculate activity rates for each activity cost pool using activity-based costing b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. 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 C Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Amount of Overhead Cost Product Z3 Product T1 Product 23 Product T1 MRS 5,700 5,900 11,600 Batches 600 1,200 1,800 1:25:56 Total Sales (total) Direct materials (total) Direct labor (total) Product 23 Product T1 $224,800 $252,500 $ 82,500 $ 97.000 $109,400 $103,700 Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing c. Determine the product margins for each product using activity-based costing Complete this question by entering your answers in the tabs below. 3 Required A Required B Required Determine the product margins for each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Product Margin Product Z3 Product T1
