Help Save & Exit Sub Check my work Rosehut Olive Oil Company makes two grades of olive oil, standard and extra virgin. Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool and the expected usage for each pool Total Activity Activity cast Cost bei Standard Virgin Washing. Pressing & Filtering (W) $1.570,400 Washing, Pressing and Filtering hours 15.400 hours 1ooo hones Hottling $ 194,000 Number of bottles 104.000 batter 76,000 hotties Additional information about each grade of olive oil is as follows: Direct Materials Costa $900,000 5600,000 Revenue 55, 110,000 $2,200,000 Direct Labor Coats 5375,000 5150,000 dard Extra Virgin 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. 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. 1:19:24 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 & Filtering (WPF) per hour Bottling per bottle Required 2 > 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. 17 Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decimal places.) Standard Overhead Activity for assigned to Standard Standard Extra Virgin Overhead Activity for assigned to Extra Virgin Extra Virgin Activity Activity Rate WPF Bottling Total 4. Calculate the gross profit for each product. Complete this question by entering your answers in the tabs below. 19:11 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 RE SU 07 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. 01:19:06 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