do problem 1

d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems: (20 points each): GODE OS Problem # 1 Hayward Industries manufactures dinin award Industries manufactures dining chairs and tables. The following information is available: mot Dining Chairs Tables Total Costa Machine setups 200 600 250 $48,000 Inspections 470 2,600 27 $72,000 Labor hours 2,400 Hayward is considering switching from one ove costing. ing from one overhead rate based on labor hours to activity-based Instructions Perform the following analyses for these tu for these two components of overhead: FER N# # # # # CAT e total machine setups and inspection costs assioned to each product, using a single a Compute to overhead rate. moute total machine setups and inspection costs assigned to each product, using b. activity-based costing Problem #2 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost 10,000 January $17,000 February 8,000 14,400 9,000 March 7,000 12,500 13,500 April Instructions Compute the variable and fixed cost elements using the high-low method