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. Equipment depreciation Indirect labor Total Activity Coat Pool Machining setting Up Other $10,800 $ 52,200 $ 25, 200 6.600 3,600 4,800 $17.400 $ 55,800 $ 30,000 Total $ 88,200 15,000 $103,200 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: Product 13 Product T1 Total M 6,700 6.900 13,600 Batches 1. 100 1,700 2,800 Sales (total) Direct materiais (total) Direct Tabor (total) Product 23 Product 11 5244,800 $ 262,500 $ 87,500 $ 99,000 $111.400 $108,700 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. 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 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 Required Required B > per MH per batch 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 Required 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 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 Determine the product margins for each product using activity-based costing. (Round Intermediate calculations to 2 decimal places.) Product Margin Product Z3 Product T1
