Question 7 of 25 0.5/1 E Current Attempt in Progress Jones Manufacturing Company makes two products. In the past, the company allocated overhead based on estimated total direct labor hours of 20,000. Jones recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: processed purchase orders, machine setups, and good shipped. The following is a summary of company information: Estimated Cost Estimated Activities Orders processed $75,000 5,000 orders Machine setups 12.000 500 machine hours Shipping 60,000 shipments $117,000 30,000 (a) Your Answer Correct Answer Your answer is correct Calculate the company's overhead rate using a single cost pool. (Round answers to 2 decimal places, s. 52.75) Overhead rates 5.05 per direct labor hour Question 7 of 25 0.5/1 e Textbook and Media Solution Attempts: 3 of 3 used (b) Calculate the company's overhead rates using the activity-based costing pools. (Round Order processed and Machine hour answers to O decimal places, s. 52 and Shipment answer to 2 decimal places, eg. 52.25.) Orders 5 Setups $ per order processed per machine hour per shipment Shipping 5 e Textbook and Media Save for later Attempts: 0 of 3 used Submit