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. Total Activity Activity Cost Washing, Pressing & Filtering (WPF) Bottling $ 1,673,150 $ 706,500 Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $ 5,135,000 $ 2,450,000 Required 1 Required 2 Direct Materials Costs $ 900,000 $ 600,000 Required 3 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. Cost Driver Washing, Pressing, and Filtering hours Number of bottles Complete this question by entering your answers in the tabs below. Required 4 Direct Labor Calculate the activity rate for each activity pool.. Note: Round your aper Costs $ 375,000 $ 150,000 Standard 46,400 hours 314,000 bottles. Extra Virgin 107,100 hours 78,500 bottles.

Rosehut Oive Oil Company makes two grades of olve oll: 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 olve 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. Complete this question by entering your answers in the tabs below. Calculate the activity rate for each activity pool. 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. Using the activity rates, determine the total amount of overhead assigned to each product. Note: Round activity rates to 2 decimal places. Determine total manufacturing cost for each product. Calculate the gross profit for each product