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Please show all work Tim's Timekeepers Inc. manufactures three types of products: Sundials, Wall Clocks, and Grandfather Clocks. The company uses an activity-based costing system.
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Tim's Timekeepers Inc. manufactures three types of products: Sundials, Wall Clocks, and Grandfather Clocks. The company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its three cost pools: Cost Pool Cost Driver Labor-related Direct labor hours Clock Face etching Number of units General factory Square footage Expected Overhead Cost Total Expected Activity $156,200 22,000 hours $89,600 14,000 units $180,200 170,000 square feet Expected activity for the year was distributed among the company's three products as follows: Cost Pool Cost Driver Labor-related Direct labor hours Clock face etching Number of units General factory Square footage Expected Activity Sundials Wall Grandfathers 6,000 11,000 5,000 5,000 8,000 1,000 30,000 80,000 60,000 Assume the actual amounts equaled the budgeted amounts. If the company uses the activity based costing method, how much of the overhead will be allocated to each of the productsStep by Step Solution
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