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 Washing, Pressing & Filtering (WPF) Bottling Total Activity Cost $ 1,864,400 $ 1,120,500 Cost Driver Washing, Pressing, and Filtering hours. Number of bottles Additional information about each grade of olive oil is as follows: Sales Revenue $ 5,180,000 $ 2,900,000 Direct Materials Costs $900,000 $ 600,000 Direct Labor Costs $375,000 $ 150,000 Standard 48,200 hours 332,000 bottles Grade. Standard Extra Virgin 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each activity pool. Note: Round your answers to 2 decimal places. Activity Washing, Pressing & Filtering (WPF) Bottling Cost Pool: per hour per bottle Extra Virgin 109,800 hours 83,000 bottles. ences Bottling $ 1,120,500 Number of bottles. 332,000 bottles 83,000 bottles. Additional information about each grade of olive oil is as follows: Grade. Standard Sales Revenue $ 5,180,000 Extra Virgin $ 2,900,000 Direct Materials Costs $900,000 $ 600,000 Required: Direct Labor Costs $375,000 $ 150,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. Note: Round activity rates to 2 decimal places. Extra Virgin Standard Activity Activity Rate Activity for Standard Overhead assigned to Standard Activity for Extra Virgin Overhead assigned to Extra Virgin WPF Bottling Total Bottling $ 1,120,500 Number of bottles. 332,000 bottles 83,000 bottles Additional information about each grade of olive oil is as follows: Direct Materials Grade Standard Extra Virgin Sales Revenue. $ 5,180,000 $ 2,900,000 Costs $900,000 $ 600,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs Bottling $ 1,120,500 Number of bottles 332,000 bottles 83,000 bottles Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $ 5,180,000 $ 2,900,000 Direct Materials Costs $900,000 $ 600,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the gross profit for each product. Revenue Cost of goods sold Gross Profit Standard. Extra Virgin