Question 10 (4 points) Echols Company is a wholesale distributor that uses ABC for all of its overhead costs. Activity Cost Pool Setting Up Equipment Assembly Inspection Activity Rate $92.50 per setup $25,600/customer order $738/inspection Data concerning two products is given below: Products Product T Number of setups Number of orders Number of inspections 340 28 15 1 3 How much overhead cost would be assigned to Product T using the ABC costing system? $29,201.50 $18,907.00 $31,735.60 $22,498.20 The Kringle Corporation manufactures custom-made purses. The following data pertains to Job XY7: Direct materials placed into production $4,000 Direct labor hours worked 50 hours Direct labor rate per hour $150 Machine hours worked 100 hours Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY7 consists of 50 units. What is overhead cost assigned to Job XY7? $400 $750 $200 $1,500 Which of the following is NOT a broad, cost classification category typically used in activity-based costing? administrative-level unit-level batch-level product-level