Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The...
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Accounting
Howell Corporation's activity-based costing system has three activity cost pools--Machining, Setting Up, and Other. The company's overhead costs, which consist of equipment depreciation and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources Equipment depreciation (total) Indirect labor (total) $32,300 $7.250 Distribution of Resource Consumption Across Activity Cost Pools Machining Setting up Equipment depreciation ceciation 0.50 0.30 0.30 Indirect labor other 0.30 0.20 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. Costs in the Other cost pool are not assigned to products. Product 54 Product co 12.800 5,500 18,300 Batches 1.100 2.100 3.200 Total Additional data concerning the company's products appears below: Products Sales (total) Direet materials total) Direct labor (total) Product co $15.900 $26.500 530.200 Required: a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. d. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Assign overhead costs to activity cost pools using activity-based costing. Activity Cost Pools Machining Setting Up Other Total Equipment depreciation Indirect labor Total Required B >


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