Chapter 7- Extra Activity 2 - Bonus 1 eBook Print Activity Cost Pools Processing Setting Up Other Product D7 Product HO Total Sales (total) Direct materials (total). Direct labor (total) Required A Required B Required C $ 58,000 $ 16,000 $ 29,600 MHS 9,100 13,100 22,200 Product D7 Product HO Amount of Overhead Cost Batches 750 1,350 2,100 Product D7 $ 220,800 $ 73,700 $ 106,510 Required: a. Calculate activity rates for each activity cost pool using activity-based costing. b. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. c. Determine the product margins for each product using activity-based costing. Complete this question by entering your answers in the tabs below. Saved Product HO $ 306,600 $ 146,300 $ 97,300 Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Round intermediate calculations to 2 decimal places.) Help Save & Exit Submit Check my work

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.