Problem 3: Allocating Overhead under Activity-Based Costing (30 points Nature's Bounty Foods manufactures r products, Cherry Walnut and Cocoa Almond. The following cost information March records of Nature's Bounty ctures nutritious, organic granola. The company has two major granola was taken from the Cherry walnut Cocoa Almond Direct materials Direct labor Factory overhead Total cost Total 6,240 33,600 71410 $111,2s0 s 2,990 16,100 S 3,250 17,500 Nature's Bounty Foods has determined that its March factory overhead cost of $71,410 is a mixture snd finishing costs. The company gathered the following information concerming these of manufacturing overhead costs: Type of overhead Mixing overhead Finishing overhead Total cost $21,970 49.440 $71,410 Activity drivers Machine hours Boxes packaged of machine hours Company records also provided the following information pertaining in the ussg boxes of granola finished for its two products Cherry Walnut 3,450 23,000 Total 8,450 48,000 Cocoa Almond Activity drivers Machine hours Boxes packaged 25,000 Assuming that Nature's Bounty Foods allocates overhead to products using activity-based costing. compute the overhead activity rates for March. Show your calculations. Instructions: 1. Activity Rates Activities Mixing Finishing Calculations per machine hours per box 2. Assign overhead costs to Cocoa Almond Granola using activity-based costing. Cocoa Almond Overhead assigned Calculations Mixing Finishing Total overhead 3. Deternine the average cost per box of Cocoa Almond Granola using activity-based costing. Computation labels Amounts