rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the elated 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 $ 1,570,400 $ 494,000 Additional information about each grade of olive oil is as follows: Direct Materials Costs Grade Standard Extra Virgin Sales Revenue $ 5,110,000 $ 900,000 $ 2,200,000 $ 600,000 Required 1 Required 2 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 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 Direct Labor Costs $375,000 $ 150,000 Cost Driver Washing, Pressing, and Filtering hours Number of bottles. Cost Pool per hour per bottle Standard 45,400 hours 304,000 bottles Extra Virgin 105,600 hours 76,000 bottles

Iosehut Olive Oil Company makes two grades of olive oit: standard and extra virgin. Rosehut has identified two activity poo's, the elated 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. Dotermine 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 activiny nate 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