Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Activity Total Activity Cost Cost Driver Standard Extra Virgin Washing, Pressing & Filtering (WPF) $ 1,673,150 Washing, Pressing, and Filtering hours 46,400 hours 107,100 hours Bottling $ 706,500 Number of bottles 314,000 bottles 78,500 bottles Additional information about each grade of olive oil is as follows: Grade Sales Revenue Direct Materials Costs Direct Labor Costs Standard $ 5,135,000 $ 900,000 $ 375,000 Extra Virgin $ 2,450,000 $ 600,000 $ 150,000 Required: Calculate the activity rate for each activity pool. Using the activity rates, determine the total amount of overhead assigned to each product. Determine total manufacturing cost for each product. Calculate the gross profit for each product.

Complete this question by entering your answers in the tabs below. Using the activity rates, determine the total amount of overhead assigned to each product. Note: Round activity rates to 2 decimal places. Complete this question by entering your answers in the tabs bel Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Calculate the activity rate for each activity pool. Note: Round your answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Determine total manufacturing cost for each product. Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Additional information about each grade of olive oil 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