QUESTION 1 20 po Greenbrier Manufacturing is the producer of twee of jet airplane Instrumentpanels (1) promom and 2) tubo During October the company experienced above normal production Specifically 800 premium panels were produced and 100 turbo panels were produced the overhead coat is estimated to be $134250 A breakdown of the overhead costs reveals the following activities ACTIVITIES COST ORIVERS TOTAL COSI 1 Material handling Number of requisitions $ 52.500 2 Equipment toup Number of setups 41250 3 Inspection Number of inspections 10500 The cost analysts determined the following cost driver volumes de sach product is follows COST DRIVERS PREMIUM TURBO TOTA Number of requis 500 700 Number of 300 500 200 Number of inspections 500 250 750 Number of requisitions Number of setups Number of inspections 500 300 500 700 500 250 1200 800 750 INSTRUCTIONS 1 Compute the overhead rate for each activity 2 Determine the amount of overhead costs that should be assigned to each product 3. Assume instead of ABC, the traditional method of overhead assignment sed direct labor costs to sign overhead Total direct labor hours are approximately 1 600 hours where premium used 1067 hours and turbo used 533 tabor hours. Determine the amount of overhead cost that would be assigned to each of the products 4. Compare and evaluate your answer in 2 with your answer is one answer more equitable or more accurate than the other? Explain in detail