Positive Laboratories evaluates the reaction of materials to extreme increases in temperature. Much of the company's early growth was attributable to government contracts, but recent growth has come from expansion into commercial markets.

$($Click the icon to view the current overhead allocation information.$)$

$($Click the icon to view the proposed change.$)$

After analyzing the company data, he has divided operating costs into the following three cost pools:

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$($Click the icon to view the budgeted information.$)$

Read the requirements.

Requirement $1.$ Find the single rate for operating costs based on test$-$hours and the hourly billing rate for HTT and ACT. $($Round your answers to the nearest cent.$)$

The single rate for operating costs based on test$-$hours is per testing hour.

The hourly billing rate for HTT and ACT is

Requirement $2.$ Find the three activity$-$based rates for operating costs. $($Round rates to the nearest cent.$)$

First select the formula, then compute the rate for each of the three activities.

$\backslash$table$[[,,$Operating cost,$+,$Quantity of cost driver,$=,,$Rate$],[$Labor and supervision,$$,428,000,+,107,000,=,$$$,4\mathrm{.}00],[$Setup and facility costs,$$,453,870,+,900,=,$$$,504\mathrm{.}30],[$Utilities$,$$$,457,200,+,12,000,=,$$$,38\mathrm{.}10]]$

rates makes more sense for Positive? Round the cost and billing rate per testing hour amounts to the nearest cent. Round all other amounts to the nearest whole dollar.$)$

HTT

Labor and supervision