12:00 Quiz No. 7 Cost Accounting and C... docs.google.com Items 18 to 26 are based on the picture below. Use the following information to answer Questions 18 through 26: The following data is available for the two products, Model Eric and Model Rose, that Noah, Inc., manufactures Item Model Eric Quantity 350,000 Prime Costs Machine Hours Material Moves Setups Php900,000 60,000 600,000 175 Model Rose 100,000 Php250,000 15,000 400,000 75 Peso value Php1150.000 Php100,000 Php500,000 Php600,000 "The cost of maintenance Noah currently uses a functional-based costing system that assigns the costs of maintenance, mate- rial handling, and setups to the models based on machine hours, a unit-level driver. (Round numbers to two decimal places.) Option 1 18.The plantwide overhead rate is: 1 point Php25.00 Php20.00; Php14.67; Php12.00; 19. Overhead assigned to Model 1 point Eric is: * Php880,200; Php720,000 Php1,500,000; Php1,200,000; 20.Overhead assigned to Model 1 point Rose is: * Php375,000; Php320,000 Php300,000; Php220,050; 21. The unit cost of Model Eric is: * 1 point Php6.86 Php6.00; Php5.50; Php5.40; 22. The unit cost of Model Rose is: 1 point Php6.00; Php5.50 Php5.40; Php4.58; 23. If activity-based costing is used, overhead assigned to Model Eric is: Php939,800; Php799,800; Php739,800 Php1,039,800; 1 point 24. If activity-based costing is used, overhead assigned to 1 point Model Rose is: * Php359,950; Php279,950; Php380,000; Php459,950 25. If activity-based costing is 1 point used, the unit cost of Model Eric is: * Php4.31; Php4.86 Php5.26; Php5.54; 26. If activity-based costing is 1 point used, the unit cost of Model Rose is: * (a) Php6.30; (b) Php4.28; (c) Php7.10; (d) Php4.60 27. An activity-based costing 1 point system is one that: * traces activities to costs and then to resources. traces costs to Request edit access products.