Speed Demon Inc. manufactures two products: speedometers and odometers. During the month, it produced 2,000 speedometers and 3,000 odometers and incurred estimated overhead costs of $45,300. This month, the company incurred the following: Machine Hours Labour Hours Labor Cost Speedometers 750 1,200 $12,000 Odometers 1,000 800 $18,000 Management is considering implementing activity based costing. An analysis of estimated overhead costs reveal the following activities: Activity Material Handling Machine Set-Ups Inspections Overhead Cost Allocation Base $18,000 # of requisitions $12,600 of set-ups $14,700 of inspections Expected Activity Speedometers Odometers 400 600 150 300 200 400 | The company currently allocates overhead on the basis of direct labor hours. Required information Compute the predetermined overhead rate using machine hours as the basis for allocating overhead costs to products. O D Type here to search e PAGE 40 11/30/2019 w Pa Required information Compute the predetermined overhead rate using machine hours as the basis for allocating overhead costs to products. BI UWE #BE. A E predetermined overhead cost= overhead cost/machine hours Path Required information a. What is the total overhead allocated to odometers using the current costing system? b. What is the per unit cost of odometers using the current costing system? Round answer to two decimal places. BI UE AB 1 Type here to search O e w pa A 11/20/2019 150 HE Required information Compute the activity rate for each of the activity cost pools, BI VAESE E AB Required information a. What is the total overhead allocated to odometers using activity based costing? b. What is the per unit cost of odometers under activity based costing? BI VEERA O Type here to search o e o w pa 10:12 PM 11/30/2019