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Question 5 of 10 > - / 1 il View Policies Current Attempt in Progress Oriole Parts Inc, a manufacturer of computer chips, employs activity-based
Question 5 of 10 > - / 1 il View Policies Current Attempt in Progress Oriole Parts Inc, a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools are provided for the year 2022. Estimated Estimated Use of Cost Activity Cost Pools Overhead Drivers per Activity Ordering and receiving $ 100,320 10,560 orders Etching 528,000 52,800 machine hours Soldering 17,811,200 387,200 labour hours For 2022, the company had 6,160 orders and used 35,200 machine hours, and labour hours totalled 22,000. What is the total overhead applied? (Round overhead rates to 2 decimal places, eg. 15.25 and final answer to decimal places, eg. 5,725.) Total Overhead Applied $ > - / 1 lii Question 6 of 10 View Policies Current Attempt in Progress Ivanhoe Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, it produced 50 range instruments and 200 pressure gauges and incurred estimated overhead costs of $94,690. An analysis of estimated overhead costs reveals the following activities: Activities Cost Drivers Total Cost Material handling Number of requisitions $33.930 Machine set-ups Number of set-ups 27.930 Quality inspections Number of inspections 32,830 $94,690 1. 2 3 The cost driver volume for each product was as follows: 530 Cost Drivers Number of requisitions Number of set-ups Number of inspections Instruments Gauges 640 150 340 260 410 Total 1,170 490 670 Rate Determine the overhead rate for each activity. The overhead rates are: Cost Pool Material handling Machine set-ups Inspections $ per requisition $ per set-up $ per inspection eTextbook and Media Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round per unit answers to 2 decimal places, e.g. 15.25.) Instruments Gauges Overhead cost per unit $ $
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