part 1

part 2)

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates Activity Cost Pool Activity Rates Supporting direct labor $ 11 per direct labor-hour Machine processing Machine setups $ 4 per machine-hour $ 40 per setup Production orders $ 160 per order Shipments $ 110 per shipment Product sustaining $ 825 per product Activity data have been supplied for the following two products Total Expected Activity K425 M67 Number of units produced per year 200 2.000 Direct labor hours 1,100 30 Machine-hours 2,600 20 Machine setups 21 2 21 Production orders Shipments 2 Product sustaining 42 Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing syster K425 M67 Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost U 0 Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow Direct Labor Hours per Unit Annual Production Hubs 0.60 14,000 units Sprockets 0.28 54,000 units Additional Information about the company follows: a. Hubs require $22 in direct materials per unit, and Sprockets require $17. b. The direct labor wage rate is $12 per hour. c Hubs require special equipment and are more complex to manufacture than Sprockets d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Estimated Overhead Cost $ 30,24e $ 117,000 $ 116,480 Hubs 120 3,9ee NA Activity Sprockets 96 e NA Total 216 3,900 NA Required: 1. Compute the activity rate for each activity cost pool 2. Determine the unit product cost of each product according to the ABC system, eye o the direct labor wage rate is $12 per hour c Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Sprockets 96 120 Total 216 3.900 Estimated Overhead Activity Cost Pool (Activity Measure) Cost Hubs Machine setups (number of setups) $ 30,240 Special processing machine-hours) $ 117,000 3,900 General factory (organization-sustaining) $ 116,400 Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system NA 5. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate