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undefined > - / 1 ili Question 6 of 10 View Policies Current Attempt in Progress Ivanhoe Instrument, Inc manufactures two products: missile range instruments
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> - / 1 ili Question 6 of 10 View Policies Current Attempt in Progress Ivanhoe Instrument, Inc manufactures two products: missile range instruments and space pressure gauges. During April, it produced 50 range instruments and 200 pressure gauges and incurred estimated overhead costs of $94.690. An analysis of estimated overhead costs reveals the following activities: Activities Cost Drivers Total Cost 1. Material handling Number of requisitions $33.930 Machine set-ups Number of set-ups 27.930 3. Quality inspections Number of inspections 32,830 $94,690 2. The cost driver volume for each product was as follows: 640 Cost Drivers Number of requisitions Number of set-ups Number of inspections Instruments Gauges 530 150 340 260 410 Total 1,170 490 670 Determine the overhead rate for each activity. The overhead rates are: Rate Cost Pool Material handling $ per requisition Machine set-ups $ per set-up Inspections $ per inspection eTextbook and Media Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round per unit answers to 2 decimal places, e.g. 15.25.) Instruments Gauges Overhead cost per unit $ $Step by Step Solution
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