Turtle Incorporated has developed a new and improved widget. The company plans to sell the product through an existing we Turtle's marketing department believes the product will sell for $110. Turtle's goal is a 50 percent profit margin on the widget. Required: 1. If current prototypes cost $37.50 to produce, will Turtle meet its profit goal? 2. Calculate the target cost necessary for Turtle to earn 50 percent profit. Complete this question by entering your answers in the tabs below. If current prototypes cost $37.5 to produce, will Turtle meet its profit goal? Calculate the target cost necessary for Turtle to earn 50 percent profit. Julio produces two types of calculators, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two activity pools: materials handling and setup. The collected data follow: Total estimated overhead costs are $362,930, of which $183,750 is assigned to the materials handling pool and $179,180 is assigned to the setup pool. Required: 1. Calculate the overhead assigned to each product using the traditional cost system. 2. Calculate the overhead assigned to each product using ABC. Complete this question by entering your answers in the tabs below. Calculate the overhead assigned to each product using the traditional cost system. Note: Round the overhead rate to 4 decimal places and round your final answer to the nearest whole dollar amount. Calculate the overhead assigned to each product using ABC