please help!

stery Problem: Activity-Based Costing bolcorp loolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product of bricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a productio manager at WoolCorp. Cutrently Woolcorp makes two products: (1) raw, ciean wool to be used as stuffing or insulation and (2) wool yarn for use in the textile industry. The company would hke you to evaluate its costing methods for its raw wool and wool yarn. Single Plantwide Pate Woolcorp is currently using the single plankide factory bverifesd ratar diethod, which uses a prede termined overfiead rate based on an estimated allocation base such as direct labor hours or machine hours. The rate is computed as follows: Single Plantwide Factory Overthend Rate = (Total Budgeted Factory Overhead) + (Total Budgeted Plantwide Aflocation Base) Wook Corp has been using combing machine hours as its allocation base. The company would like to conslder activity-tished costing. In order to understand their current system better, you evaiuate WoolCocp's current method of costing for raw wool and wool yam, The production staff has complied the following information for you on the production of 550 . Dounds of eyther raw wool or woel yarns In the following table, use combing machine hours as the allocation base for assigning overhead costs to each product. When required, round your answers to the nearest dollar. Single piantwide Factory Cvertiead Rate: $ per combing houf Activity-Based Costing In order to compare WoolCorp's current method with activity-based costing. you interview the production stalf and compile the following intormation, which relates to the costs for raw wool and wool yarn. In order to compare WoolCorp's current method with activity-based costing, you interview the production staff and compile the following information, which relates to the costs for raw wool and wool yarn. In the following table, compute and enter the activity rate for each of the three activities. If required, round your answers to the nearest cent. In the following tabit, compute and enter the activity rate for each of the three activities. If required, round your answers to the nearest cent. In the following table, allocate the costs of sorting, cieaning, and combing based on the rates of activity consumed by each product's process. When required, round your answers to the nearest dollar. Final Question After reviewing your work on the Single Plantwide Rate and Activity-Based Costing panels, which of the cost.ng method would you recommend to WoolCorp, and why