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PROBLEM 5 (10 pts) - Approximate ABC Elantra Manufacturing uses an activity-based costing system. The company produces Model and Model Z. Information concerning the two

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PROBLEM 5 (10 pts) - Approximate ABC Elantra Manufacturing uses an activity-based costing system. The company produces Model and Model Z. Information concerning the two products is as follows: Units produced Direct labor hours Engineering labor (Eng. hours) Setups Kilowatt hours Model 50.000 26,000 Model V 30.000 24,000 4,000 20 5,000 6.000 7,000 The following 3 overhead activities and costs (drivers) are reported: Power (kwh) Engineering labor (Eng. hours) Setups (number of setups) $12,000 70,000 60,000 Required: A. Calculate Full ABC overhead costs assigned to Model V and Model Z. (5 pt

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