Question: Problem 4 ( 4 points ) : Tim's Timekeepers Inc. manufactures three types of products: Sundials, Wall Clocks, and Grandfather Clocks. The company uses an

Problem 4(4 points):
Tim's Timekeepers Inc. manufactures three types of products: Sundials, Wall Clocks, and Grandfather Clocks. The company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its three cost pools:
\table[[Cost Pool,Cost Driver,Expected Overhead Cost,Total Expected Activity],[Labor-related,Direct labor hours,$156,200,22,000 hours],[Clock Face etching,Number of units,$89,600,14,000 units],[General factory,Square footage,$180,200,170,000 square feet]]
Expected activity for the year was distributed among the company's three products as follows:
\table[[,,Expected Activity],[Cost Pool,Cost Driver,Sundials,Wall,Grandfathers],[Labor-related,Direct labor hours,6,000,11,000,5,000],[Clock face etching,Number of units,5,000,8,000,1,000],[General factory,Square footage,30,000,80,000,60,000]]
Assume the actual amounts equaled the budgeted amounts. If the company uses the activity based costing method, how. much of the overhead will be allocated to each of the products?
Problem 4 ( 4 points ) : Tim's Timekeepers Inc.

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