Hi,

i Need help with this exsrcise guys. I Did par A and B JUST IWAANT PART

Exercise 17-1 (Part Level Submission) Wilkins Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the companys operations. Standard Custom Direct labor costs $47,000 $102,000 Machine hours 1,220 1,390 Setup hours 100 410 Total estimated overhead costs are $301,400. Overhead cost allocated to the machining activity cost pool is $195,500, and $105,900 is allocated to the machine setup activity cost pool. Collapse question part (a) Correct answer. Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach. (Round answers to 2 decimal places, e.g. 12.25%.) Predetermined overhead rate Entry field with correct answer 202.281879 % of direct labor cost Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 3 of 3 used Collapse question part (b) Correct answer. Your answer is correct. Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal places, e.g. $12.25.) Machining $Entry field with correct answer 74.9042146 per machine hour Machine setup $Entry field with correct answer 207.647059 per setup hour Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 2 of 3 used Collapse question part (c) Incorrect answer. Your answer is incorrect. Try again. Determine the difference in allocation between the two approaches. (Round answers to 0 decimal places, e.g. $1,225.) Traditional costing Standard $Entry field with incorrect answer 215900.000 Custom $Entry field with incorrect answer Activity-based costing Standard $Entry field with incorrect answer 7490.42146 Custom $Entry field with incorrect answer 91383.1418 Click if you would like to Show Work for this question: Open Show Work

Exercise 17-1 (Part Level Submission) Wilkins Inc. has two types af handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor casts. The president has heard af activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pocls were developed: machining and machine setup. Presented below is information related to the company's operations. Compute the overhead rates using the activity-based casting approach. (Round answers to 2 decimal places, e.g. $12.25.) Machining Machine setup 207.64705 per setup hour 74.904214 per machine hour Click if you would like to Show Work for this question:Open Show Work Standard Customm Direct labor costs Machine hours Setup hours 7,000 $102,000 1,390 410 1,220 100 Total estimated overhead costs are $301,400. Overhead cost allocated to the machining activity cost pool is 195,500, and $105,900 is allocated to the machine setup activity cost pool. Attempts: 2 of 3 used Your answer is correct. Compute the overhead rate using the traditional (plantwide) approach. (Round answers to 2 decimal places, eg. 12.25%.) Your answer is incorrect. again. 202 281 87 % of direct labor cost Determine the difference in allacation between the two approaches. (Round answers to 0 decimal places, e.g. $1,225.) Click if you would like to Show Work for this question:Open Show Work Standard 215900.00 Custom Standard Custom Click if you would like to Show Work for this question:Open Show Work 7490.4214 91383.141 Attempts: 3 of 3 used Your answer is correct