I can't determine the activity allocation cost rate for each of the 5 pools in the table, the total ob cost of job 624 and why ABC would provide amore accurate allocation of manufacturing overhead?

Chaney Products has adopted an ABC costing system. The following The Job Cost Record for Job #624 revealed that direct materials requisitioned for manufacturing activities, indirect manufacturing costs, and cost drivers have been the job totaled $1,080. The Job Cost Record also showed that direct labor for this identified: job totaled 14 hours at a wage rate of $20 per hour. Other data collected on the (Click the icon to view the activity costs and drivers.) resources used by Job #624 included: (Click the icon to view the other data.) Read the requirements. Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviations used: DL = direct labor; MH = machine hour.) Activity cost allocation rateo DataTabIe - X Total estimated MOH costs related Total estimated amount of Activity to activity allocation base activity Machine setup ...................... 227,500 3,500 setups Machining .......................... 950,000 5,000 machine hours Polishing. .......................... 91,000 7,000 polishing cloths Quality control ...................... 220,000 5,500 tests run Facility=level costs .................... 135,000 45,000 DL hours 1,623,500 Total manufacturing overhead (MOH). . . . stem. The following The Job Cost Record for Job costs, and cost drivers have been the job totaled $1,080. The Jo job totaled 14 hours at a wage drivers. 24 il i Data Table X the tion rate 2 machine setups required e al 3 machine hours 4 polishing cloths ctivi 2 quality control tests run pcat Print DoneABC costing system. The following The Job Cost Record for Job #624 revealed tha i Requirements X ivity 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. vit 2. Calculate the total cost of Job #624 (use an ABC costing system). Ith chir 3. Why would ABC provide a more accurate allocation of manufacturing overhead (MOH) than a plantwide rate? 4. Assume that Chaney Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor (DL) hours as the allocation base. How much cost distortion would have occurred on this job? Print Done ar