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Pls do given requirements Requirements 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. 2. Calculate the

image text in transcribedimage text in transcribedPls do given requirements

Requirements 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. 2. Calculate the total cost of Job #624 (use an ABC costing system). 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Carney Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Print Done Carney Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,180. The Job Cost Record also showed that direct labor for this job totaled 14 hours at a wage rate of $30 per hour. Other data mallerlei on the were nice w.loh AR 24 incli Data table Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviations used: DL = direct la Activity cost allocation rate X Data table 1 machine setup required 5 machine hours 4 polishing cloths 2 quality control tests run Total estimated amount of allocation base activity 2.400 setups Print Done Activity Machine setup Machining Polishing Quality control Facility-level costs Total estimated MOH costs related to activity $ 60,000 $ 775,000 $ 56,000 $ 90,000 $ 175,000 5.000 machine hours 14.000 polishing cloths 2,000 tests run 70,000 DL hours $ 1,156,000 Total manufacturing overhead (MOH)

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