Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
please answer all parts of the question for requirement 2. Thanks! Rosetut Olive Oil Company makes two grades of olive oil standard and extra virgin
please answer all parts of the question for requirement 2. Thanks!
Rosetut Olive Oil Company makes two grades of olive oil standard and extra virgin Rosetut his identified two activity cost pools, the related costs per pool, the cost driver for each pool and the expected usage for each pool Total Activity Washing, Pressing & Filtering (WPF) Botting Activity Cost Cost Driver $1,500,750 Washint Pressint, and litering hours 535,500 Number of bottles Standard Extra Virgin 15.00 hours 185.000 hours 1060 botti 76.500 bottles Additional information about each grade of olive oils follows Grade Standard Extra virgin Direct Sales Material Hvem cost 35,115,000 $900.000 $3,250,000 $600,000 Direct Labor Costi $375,000 $150,000 Required: 1. Calculate the activity rate for each cost pool 2. Using the activity rates, determine the total amount of overhead assigned to each product Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Washing, Pressing & Filtering (WPF) 10.50 per hour Bottling 1 40 per bottle Recured Required 2 > Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decimal places.) Activity Activity Rate Standard Overhead Activity for assigned Standard to Standard 11 Xs 478 800 Extra Virgin Overhead Activity for assigned Extra to Extra Virgin Virgin 1 X $ 428,400 X WPF Bottling Total $ 45,000.00 $300,000.00 $ 478,800 $ 428,400
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6698b618e5121_1206698b6188665c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6698b6198f87e_1216698b6192dbd2.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6698b61a49b1f_1216698b619d0fec.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started