assign overhead costs to activity cost pools using activity based costing

Calculate the activity rates for each activity cost pool using activity based costing

determine the amount of overhead costs that would be assigned to each product using activity based costing

determine the product margins for each product using activity based costing

Howell Corporation's activity-based costing system has three activity cost pools-Mochining, Setting Up, and other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) $ 27,000 Indirect labor (total) $ 7.000 Distribution of Resource Consumption Across Activity Cost Pools Machining Setting Up Equipment depreciation 0.40 0.30 Indirect labor 0.20 0.30 0.50 Costs in the Machining cost pool are assigned to products based on machine-hours (MHS) and costs in the Setting up cost pool are assigned to products based on the number of batches. Costs in the other cost pool are not assigned to products, Batches Product 54 Product Co 1,900 1,600 2,000 Other 0.30 ts 8.100 400 Total 10,000 Additional data concerning the company's products appears below: Sales (total) Direct materials (total) Direct labor (total) Product 54 $ 71,400 $ 21,900 $33,700 Product Co. $ 57,600 $ 19,900 $ 25,100 Required: a Assign overhead costs to activity cost pools using activity-based costing b. Calculate activity rates for each activity cost pool using activity-based costing Product 34 Product CO Total 8,100 1,900 10,000 400 1,600 2,000 Additional data concerning the company's products appears below: Droduct 54 Product Co Sales (total) 5 71,400 $ 57,600 Direct materiale (total) $ 21,900 5:19,900 Direct labor (total) $ 33,200 $ 25,100 Required: a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity based costing c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing d. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Assign overhead costs to activity cost pools using activity-based costing, Activity Cost Pools Machining Sotting Up Other Total Equipment depreciation Indirect labor Total Product 54 Product co Total W.100 1,900 10,000 1.600 2.000 Additional data concerning the company's products appears below Product 54 Product co Sales (total) $ 71,400 $ 57,600 Direct materials (total) $ 21,900 $ 19,900 Direct labor (total) $33,700 9 25.100 Required: a. Assign overhead costs to activity cost pools using activity-based costing b. Calculate activity rates for each activity cost pool using activity based costing, c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing d. Determine the product margins for each product using activity based costing. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate activity rates for each activity cost pool using activity-based costing, (Round your answers to 2 decimal places.) Activity Cost Pools Activity Rate Machining Setting up per batch