Question: Snakey Corporation has an activity-based costing system with two activity cost poolsMachining and Setting Up. The company's overhead costs have already been allocated to cost

  1. Snakey Corporation has an activity-based costing system with two activity cost poolsMachining and Setting Up. The company's overhead costs have already been allocated to cost pools and total $11,000 for the Machining cost pool and $26,200 for the Setting Up cost pool. Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Data concerning the two products Snakey manufactures appear below:

MHs

Batches

Product S7

8,400

200

Product W3

1,600

1,800

Total

10,000

2,000

Required:

  1. How much is the total overhead cost assigned to product S7?
  2. How much is the total overhead cost assigned to product W3?

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