PLEASE HELP WITH THIS ONLINE PRACTICE PROBLEM FOR MY MANGERIAL ACCOUNTING CLASS. PLEASE ANSWER BOTH REQUIRMENT A & B

Nova Brass Company manufactures pumps and valves and uses a time-driven activity-based cost (TDABC) system. Last year, Nova recorded the following data for assigning manufacturing overhead costs to its products: Requirements (a) Using the companys TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? (Click the icon to view the data.) (b) What is the company's net income? (Assume the company sells the entire amount of the products it produces.) Nova also developed the following information on revenues and costs other than manufacturing overhead: (Click the icon to view the revenue and other costs.) Requirement (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? The manufacturing overhead cost assigned to pumps will be sand the manufacturing overhead cost assigned to valves will be S The manufacturing overhead cost assigned to pumps will be Sand the manufacturing overhead cost assigned to valves will be S Data Table Data Table Total revenues Total direct labor cost Total direct materials cost SG and A expenses S 940,000 $ 150,000 80,000 90,000 Unit Cost Estimates Practical Capacity Not Assigned to Products (Hours) Total Unit Time Estimates (Rates per Hour) (Hours Assigned to Products) $ Pumps 1,100 3,500 200 Valves 1,400 5,000 120 $30 per machine hour Machine setups and run time Labor for setups, receiving, and packing $35 per labor hour Engineering (for specializing products) $70 per engineering hour 400 250 40 Print Done Print Done