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Foundational 5-10(LO2- CC6,7,8)(Algo) Myra Inc. manufactures two products-10,000 units of Product P and...

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Accounting

Foundational 5-10(LO2- CC6,7,8)(Algo)
Myra Inc. manufactures two products-10,000 units of Product P and 7,000 units of Product Q. The company uses a plantwide overhead rate based on direct labour hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products P and Q : (The total estimated overhead cost may not agree with the sum of allocated overhead costs to each product.)
\table[[Activity Cost Pool,Activity Measure],[Machining,Machine-hours],[Machine setups,Number of setups],[\table[[Product design],[General factory]],\table[[Number of products],[Direct labour hours]]],[Activity Measure,Product P Product Q],[Machining,6,000,4,000],[Number of setups,50,150],[\table[[Number of products],[Direct labour hours]],\table[[\table[[1],[8,000]]]],\table[[]]]]
Required:
Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Q?(Round your intermediate calculations to 2 decimal places.)
Total manufacturing overhead cost
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