Requirement Calculate the activity contatocation rate for each of the five poolested in the table Foundation in the nearest Abreviations sed DL dreceber Machine Actively cool wlocation rate Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) Data Table Total estimated MOH Activity costs related to activity Machine setup $ 63,000 Machining 320,000 Polishing.. 52,000 Quality control. 227,500 $ Facility-level costs... 180,000 $ Total manufacturing overhead (MOH)... 842,500 Total estimated amount of allocation base activity 1,800 setups 2,000 machine hours 13,000 polishing cloths 3,500 tests run $ $ 90,000 DL hours Print Done The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,150. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $26 per hour. Other data collected on the resources used by Job #624 included: (Click the icon to view the other data.) Read the requirements. X 1 1 Data Table 1 machine setup required 5 machine hours 2 polishing cloths 3 quality control tests run Print Done Requirements 1 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. 2. Calculate the total cost of Job #624 (use an ABC costing system). 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Gamble Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Print Done