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pls help with both parts. Jullo produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine
pls help with both parts.
Jullo produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow: Number of machine hours Number of material moves Number of setups Standard Model Deluxe Model 25,900 30,900 595 895 95 545 Total estimated overhead costs are $365,040, of which $178,800 is assigned to the material handling cost pool and $186,240 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using the traditional cost system. (Round the overhead rate to four decimal places and round your final answer to the nearest whole dollar amount.) Overhead Assigned Standard Model 248,137 Deluxe Model 207,986 $ $ Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Jullo has identified two cost pools: materials handling and setup. The collected data follow. Number of machine hours Number of material moves Number of setups Standard Model Deluxe Model 25,900 30,900 595 895 95 545 Total estimated overhead costs are $365,040, of which $178,800 is assigned to the material handling cost pool and $186,240 is assigned to the setup cost pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system, 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the overhead assigned to each product using ABC. Overhead Assigned Standard Model Deluxe Model Step by Step Solution
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