Need help with part C

heat testing IHTT) air turbulence testing (ATT) stress testing ISST) arctic condition testing (ACT) aquatic testing IAQT) Currently, all the company's budgeted operating costs are collected in a common overhead pool All of the estimated testing hours are collected in another common pool. One rate per test hour is used to estimate the cost of all five types of testing. In determining the sales price, this hourly rate is marked up by 50% to cover administrative expenses, taxes, and profit. Rick Shaw, Sunland Test's operations engineer, believes that there is enough variation in the test procedures and cost structure to establish separate costing and billing rates. After analyzing the following data, he has recommended that new rates be put into effect at the beginning of Sunland Test's fiscal year. The budgeted total costs for the coming year are as follows: Test pool labor (10 employees) $ 400,000 Supervision 62.000 Equipment depreciation 172.000 Heat 164,000 Electricity 132.000 Water 73,000 Setup 50,000 Indirect materials 100,000 Operating supplies 57,000 Total costs $ 1.210,000 Total estimated test hours 100,000 "All employees are paid the same salary The following chart reports Shaw's analysis of resource usage by test type. HTT ATT SST ACT AQT Test poollabor employees 3 2 2 2 1 2 Supervision 40% 15% 15% 15% 15% $41,600 $22,000 $39,000 $32,000 $37,400 Equipment depreciation 50% 5% 5% 30% 10% Heat Electricity 30% 10% 10% 40% 10% Water 20% 20% 60% Setup 20% 15% 20% 15% 20% Indirect materials $16,500 $15,000 $31,200 $21,100 $15.000 10% 10% 25% 20% 35% Operating supplies Test hours 31,500 10,000 25,000 20,000 13,500 Competitors' hourly billing rates $17.50 $19.00 $15.50 $16.00 $20.00 (a) Your Answer Correct Answer Your answer is correct Compute the common pool hourly cost and hourly billing rate for Sunland Test Laboratories. (Round answers to 2 decimal places. eg 15.25.) $ Common pool hourly cost 12.10/test hour $ 18.15 Hourly billing rate test hour eTextbook and Media Solution Assistance Used Attempts: 3 of 3 used (b) Your answer is correct. Compute the activity-based hourly cost for each of the five tests performed by Sunland Test Laboratories. (Round answers to 2 decimal places, eg. 15.25) HTT ATT SST 10.30 16.15 3.99 Cost per hour sc e Textbook and Media Attempts: 1 of 3 used (c) Calculate the activity-based hourly billing rate for each of the five tests performed by Sunland Test Laboratories.(Round answers to 2 decimal places, eg 15.25.) HTT ATT SST $ Hourly billing rate $ $ heat testing IHTT) air turbulence testing (ATT) stress testing ISST) arctic condition testing (ACT) aquatic testing IAQT) Currently, all the company's budgeted operating costs are collected in a common overhead pool All of the estimated testing hours are collected in another common pool. One rate per test hour is used to estimate the cost of all five types of testing. In determining the sales price, this hourly rate is marked up by 50% to cover administrative expenses, taxes, and profit. Rick Shaw, Sunland Test's operations engineer, believes that there is enough variation in the test procedures and cost structure to establish separate costing and billing rates. After analyzing the following data, he has recommended that new rates be put into effect at the beginning of Sunland Test's fiscal year. The budgeted total costs for the coming year are as follows: Test pool labor (10 employees) $ 400,000 Supervision 62.000 Equipment depreciation 172.000 Heat 164,000 Electricity 132.000 Water 73,000 Setup 50,000 Indirect materials 100,000 Operating supplies 57,000 Total costs $ 1.210,000 Total estimated test hours 100,000 "All employees are paid the same salary The following chart reports Shaw's analysis of resource usage by test type. HTT ATT SST ACT AQT Test poollabor employees 3 2 2 2 1 2 Supervision 40% 15% 15% 15% 15% $41,600 $22,000 $39,000 $32,000 $37,400 Equipment depreciation 50% 5% 5% 30% 10% Heat Electricity 30% 10% 10% 40% 10% Water 20% 20% 60% Setup 20% 15% 20% 15% 20% Indirect materials $16,500 $15,000 $31,200 $21,100 $15.000 10% 10% 25% 20% 35% Operating supplies Test hours 31,500 10,000 25,000 20,000 13,500 Competitors' hourly billing rates $17.50 $19.00 $15.50 $16.00 $20.00 (a) Your Answer Correct Answer Your answer is correct Compute the common pool hourly cost and hourly billing rate for Sunland Test Laboratories. (Round answers to 2 decimal places. eg 15.25.) $ Common pool hourly cost 12.10/test hour $ 18.15 Hourly billing rate test hour eTextbook and Media Solution Assistance Used Attempts: 3 of 3 used (b) Your answer is correct. Compute the activity-based hourly cost for each of the five tests performed by Sunland Test Laboratories. (Round answers to 2 decimal places, eg. 15.25) HTT ATT SST 10.30 16.15 3.99 Cost per hour sc e Textbook and Media Attempts: 1 of 3 used (c) Calculate the activity-based hourly billing rate for each of the five tests performed by Sunland Test Laboratories.(Round answers to 2 decimal places, eg 15.25.) HTT ATT SST $ Hourly billing rate $ $