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Osborn Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation m Activity cost Total activity cost pool Total activity allocation base allocation rate Machine setup 122,500 3,500 Machining 1,040,000 6,500 " " 35.00 per se $ 160.00 per M Polishing 56,000 8,000 7.00 per cl Quality control $ 455,000 7,000 $ 65.00 per te Facility level costs $ 90,000 30,000 3.00 per D Requirement 2. Calculate the total cost of Job # 624 (use an ABC costing system). Job Cost Record JOB # 624 Direct materials Direct labor Manufacturing overhead allocated Total job cost Manufacturing Costs The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,010. The Job Cost Record also showed that direct labor for this job totaled 12 hours at a wage rate of $21 per hour. Other data collected on the resources used by Job # 624 included BEE (Click the icon to view the other data.) Read the requirements. Data table - X ation rate to the nearest cent. Abbreviations used: DL = direct la cost rate 4 machine setups required 5 machine hours 2 polishing cloths 4 quality control tests run per setup - per MH Data table per cloth per test per DL hou Activity Total estimated MOH costs related to activity Total estimated amount of allocation base activity Machine setup $ 122,500 3,500 setups Machining 1,040,000 6,500 machine hours Polishing.... 56,000 8,000 polishing cloths Quality control. 455,000 7,000 tests run $ 90,000 Facility-level costs.. 30,000 DL hours $ 1,763,500 Total manufacturing overhead (MOH). Print Done

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