Question: please correct anwser, will leave a like. please anwser part b as well if you have the part. thanks Concord Creations sells window treatments (shades,



Concord Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $375,000 $516,000 Direct materials costs $35,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91.500 266,500 251,000 561,000 Operating income (loss) $108,500 $(45,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Here are the three activity cost pools and related information she developed: Estimated Overhead Activity Cost Pools Cost Drivers Scheduling and travel Hours of travel Setup time Number of setups Supervision Direct labor cost $91,500 91,000 160,000 Estimated Use of Cost Drivers per Product Commercial 800 450 Residential 700 250 Your answer is correct. Compute the activity-based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, e.g. 0.38.) Overhead Rates Scheduling and travel $ 61 per hour Setup time $ 130 per setup. Supervision 40 per dollar Scheduling and travel Setup time (a1) $ Determine the overhead cost assigned to each product line. Commercial Scheduling and travel $ Setup time Supervision Total cost assigned $ $ $ $ $ Residential (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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