Activity Kashing. Pressing & Filtering (WPF) Bottling Total Activity Cost Cost Driver $1,714,950 Washing. Pressing and Filtering hours $ 795,000 Number of bottles Standard 46,800 hours 318.000 bottles 107,700 hours 79.500 bottles Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue 35.145.000 $2.550.000 Direct Materials Costa $900,000 $600,000 Direct Labor Costa $375,000 $150.000 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the activity rate for each cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Washing. Pressing & Fitering (WPF) 46,815.90 per hour Bottling 5 79,502.50 per bottle Total Metivity Washing. Pressing. Tiltering (PT) Bottling $1,714.950 795,000 Washing. Pressing and Number of bottles Standard 46.000 hours 318,000 bottles 107,100 hours 79,500 bottles Additional Information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue 35.145,000 2,550,000 Direct Materials Costa $900,000 $600,000 Direct Labor Costa $375,000 $150.000 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each prod. decimal places.) Standard Activity for Ovemend Standard Standard Extra Virgin Overhead assigned to e Activity Activity Rate assigned to Extra Virgin Extra Virgin WPF Total Prev 4 of 4 # Next > Total Activity Washing. Pressing & Filtering (WPF) Bottling Activity Cost $1,714,950 $ 795,000 Cost Driver Washing, Pressing and Filtering hours Number of bottles Standard 46,800 hours 318,000 bottles Extra Virgin 107, 700 hours 79,500 bottle Joints Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $5,145,000 $2,550,000 Direct Materials Conte $900,000 $600,000 Direct Labor Costs $375,000 $150.000 Print Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs $ 0 $ ( Required 2 Required 4 > Total Activity Cost $1.714.950 Washing. Pressing and Filtering hours $ 795,000 Number of bottles Activity Washing. Pressing & Filtering (WPF) Bottling Cost Drivescoring hours Standard 46.800 hours 318.000 bottles 46 Extra Virgin 107,700 hours 79,500 bottles Additional information about each grade of olive oil is as follows: Grade Standard Extra Virgin Sales Revenue $5,145,000 $2,550,000 Direct Materials Costa $900,000 $600,000 Direct Labor Costa $375,000 $150,000 Required: 1. Calculate the activity rate for each cost pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the gross profit for each product. Standard Extra Virgin Revenue Cost of goods sold Gross Profit ol$ 0