related costs per pool, the cost driver for each pool, and the expected usage for each pool. Total Activity Cost Activity Washing, Pressing & Filtering (WPF) Bottling. $ 1,886,150 $ 1,169,000 Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $ 5,185,000 $ 2,950,000 Direct Materials Costs $ 900,000 $ 600,000 Cost Driver Washing, Pressing, and. Filtering hours Number of bottles Direct Labor Costs $375,000 $ 150,000 Required: 1. Calculate the activity rate for each activity pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Standard 48,400 hours 334,000 bottles Extra Virgin 110,100 hours 83,500 bottles

Additional information about each grade of olive oll is as follows: Required: 1. Calculate the activity rate for each activity pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product