Question: Ivanhoe Company's overhead rate for machine setups is $ 1 1 3 per setup. A total of 1 0 0 setups are estimated for the

Ivanhoe Company's overhead rate for machine setups is $113 per setup. A total of 100 setups are estimated for the period. At yearend, it was determined that Products A and B have 59 and 41 setups, respectively. How much is the overhead cost assigned to each product?
Product A $5650.00, Product B $5650.00
Product A $6667, Product B $4633
Product A $9416.67, Product B $1883.33
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 Ivanhoe Company's overhead rate for machine setups is $113 per setup.

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