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Neal Company manufactures computer workstations. The company's three activities and their overhead cost drivers follow. table [ [ , Budgeted,Activity Cost Driver, ] ,

Neal Company manufactures computer workstations. The company's three activities and their overhead cost drivers follow.
\table[[,Budgeted,Activity Cost Driver,],[Activity,Cost,Budgeted Activity Usage,],[Fabrication $,130,000,Machine hours,2,600 machine hours],[Assembly,144,000,Direct labor hours,3,000 direct labor hours],[Inspection,119,000,Units inspected,7,000 units]]
Job 101's actual activity usage along with a partial customer profitability report follow.
Required:
Compute activity rates using activity-based costing.
Use the results from part 1 to allocate overhead cost to Job 101.
Complete the profitability report for Job 101.
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Compute activity rates using activity-based costing.
\table[[Activity,Budgeted Cost,Budgeted Activity Usage,Activity Rate],[Fabrication,,,,,],[Assembly,,,,,],[Inspection,,,,,]]
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