D Question 23 12.5 pts Put this information on a Job Cost Sheet, relative to the Grimsley Company. It is a client of the company you are working for. ABC Corp. If this job was promised to Grimsley for $50,000 comment on whether the firm was efficient or not: Direct Materials $20,000 Direct Labor $22.000 Predetermined Overhead Rate for Allocating overhead: 25 per Direct Labor Dollar Edit View Insert Format Tools Table Pare BIVA pv BY EM *** The EZ Riders Company makes two types of motorcycles: 1) the Dirt Bike, 2) the Street Bike: 1) Estimated Overhead Costs are as follows: Indirect Materials $60,000 Indirect Labor $40,000 2) These two activity cost pools use each type of overhead cost: Assembly $65.000 + Finishing $35,000 3) The activity drivers are as follows: Assembly - Direct Labor Hours (Expected Activity Level) 1.000, Finishing - Paint Cans (Expected Activity Level 500 4) The Dirt Bikes consumed 425 direct labor hours and Street Bikes consumed 625 direct labor hours S) The Dirt Bikes used 210 paint cans and Street Bikes used 310 paint cans Use activity based costing to allocate overhead to dirt bikes and street bikes Edit View Insert Format Tools Table 12pt Paragraph BIA 2 Ty 43