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Snakey Corporation has an activity-based costing system with two activity cost poolsMachining and Setting Up. The company's overhead costs have already been allocated to cost
- Snakey Corporation has an activity-based costing system with two activity cost poolsMachining and Setting Up. The company's overhead costs have already been allocated to cost pools and total $11,000 for the Machining cost pool and $26,200 for the Setting Up cost pool. Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Data concerning the two products Snakey manufactures appear below:
| MHs | Batches |
Product S7 | 8,400 | 200 |
Product W3 | 1,600 | 1,800 |
Total | 10,000 | 2,000 |
Required:
- How much is the total overhead cost assigned to product S7?
- How much is the total overhead cost assigned to product W3?
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