2. ABC Corp uses an Activity Based Costing system. The accountants at ABC have identified three...

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2. ABC Corp uses an Activity Based Costing system. The accountants at ABC have identified three major manufactures Hats, Coats and Mittens. Cost Driver Activity Materials Processing Direct Materials Cost Machine Maintenance Maintenance Hours Measurement Weighing of Goods Direct Costs for Each Product for this month are as follows: Cost Driver Hats Coats Mittens Other 35% 30% 30% 32% Direct Materials Cost 5% Maintenance Hours(in $) 24% 20% 24% Weighing of Goods 35% 28% 26% 11% Indirect Costs for the month is as follows: $38,000 $25,000 $23,000 $86,000 Materials Processing Machine Maintenance Measurement Total Required: Compute the indirect manufacturing costs allocated to each product using activity based costing. Problem 2 Hats Coats Mittens Other Total Materials Processing Machine Maintenance Measurement Total 2. ABC Corp uses an Activity Based Costing system. The accountants at ABC have identified three major manufactures Hats, Coats and Mittens. Cost Driver Activity Materials Processing Direct Materials Cost Machine Maintenance Maintenance Hours Measurement Weighing of Goods Direct Costs for Each Product for this month are as follows: Cost Driver Hats Coats Mittens Other 35% 30% 30% 32% Direct Materials Cost 5% Maintenance Hours(in $) 24% 20% 24% Weighing of Goods 35% 28% 26% 11% Indirect Costs for the month is as follows: $38,000 $25,000 $23,000 $86,000 Materials Processing Machine Maintenance Measurement Total Required: Compute the indirect manufacturing costs allocated to each product using activity based costing. Problem 2 Hats Coats Mittens Other Total Materials Processing Machine Maintenance Measurement Total

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