E$4-16($Algo$)$ Calculate Total Manufacturing Costs and Gross Profit $[$LO $4-4]$

Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool.

$\backslash$table$[[$Activity$,,$Activity Cost,Cost Driver,Standard,Extra Virgin$],[$Washing$,$ Pressing & Filtering $($WPF$),$$$,1,652,400,$Washing, Pressing, and Filtering hours,$46,200$ hours,$106,800$ hours$],[$Bottling$,,$$ $663,000,$Number of bottles,$312,000$ bottles,$78,000$ bottles$]]$

Additional information about each grade of olive oil is as follows:

$\backslash$table$[[,\backslash$table$[[$Direct$]]],[,\backslash$table$[[$Materials$]],$Direct Labor,$],[$Grade$,$Sales Revenue,Costs,Costs$],[$Standard$,$$$5,130,000,$$$900,000,$$$375,000$