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3 My Blackboard Content-Blac x File a Phone Insurance ClaimxAsurion ? ezto.mheducation.com/hm.tpx Bookmarks xBootca Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows Total Cost of Pool 494,900 Number of machine hours 107,100 Number of design hours Estimated Cost Activity Cost Pools Machining Designing costs Setup costs Cost Driver 101,000 10,500 4,984 Number of batches Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Number of machine hours Number of design hours Number of batches Product A Product B Product C 11,000 4,200 2.3004,000 40,000 50,000 60 180 Required Using activity rates, determine the amount of overhead assigned to each product. (Round activity rates to 2 decimal places. answer to the nearest whole dollar amount.) Product A Product B Product C Check my work 3 4 5 6Explanation / Answer
a
b
c
d
E=c/d
f
G=f*e
h
I=h*e
j
K=j*e
Cost Pools
Total Cost
Cost driver
Estimated cost driver
Cost/hour
Product a
Product b
Product c
units
Cost
units
Cost
units
Cost
Machining
$494900
Machine hours
101000
4.90
40000
196000
50000
245000
11000
53900
Designing
$107100
Design hours
10500
10.20
4200
42840
2300
23460
4000
40800
Setup cost
$74984
Number of batches
525
142.83
60
8569.60
180
25708.80
285
40705.60
Total
$676984
$247409.60
294168.80
135405.60
Product
Total Overhead Assigned
Product A
$ 247409.60
Product B
$ 294168.80
Product C
$ 135405.60
TOTAL
$ 676984
a
b
c
d
E=c/d
f
G=f*e
h
I=h*e
j
K=j*e
Cost Pools
Total Cost
Cost driver
Estimated cost driver
Cost/hour
Product a
Product b
Product c
units
Cost
units
Cost
units
Cost
Machining
$494900
Machine hours
101000
4.90
40000
196000
50000
245000
11000
53900
Designing
$107100
Design hours
10500
10.20
4200
42840
2300
23460
4000
40800
Setup cost
$74984
Number of batches
525
142.83
60
8569.60
180
25708.80
285
40705.60
Total
$676984
$247409.60
294168.80
135405.60
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