I can find the activity rates and overall MOH but don't understand the proportions. Required:1. Using activity proportions, determine the amount of overhead assigned to each product. (Do not round your intermediatecalculations. Round your final answers to nearest whole number.)Total OverheadAssignedProduct AProduct BProduct C !Required informationGable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows:Total CostEstimatedActivity Cost PoolsMachiningDesigning costsSetup costsof Pool$474,720 Number of machine hours103,525 Number of design hours72,050 Number of batchesCost DriverCost Driver98,90010, 250500Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows:Product AProduct BProduct CNumber of machine hoursNumber of design hoursNumber of batches39,0004,10049,0002,25010,9003,90050170280

Name: I can find the activity rates and overall MOH but don't understand the
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Description: I can find the activity rates and overall MOH but don't understand the proportions. Required:1. Using activity proportions, determine the amount of overhead assigned to each product. (Do not round your intermediatecalculations. Round your final answe

Business

Accounting

Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Estimated Cost Driver 98,900 10, 250 Total Cost Activity Cost Pools Machining Designing costs Setup costs Cost Driver of Pool $474,720 Number of machine hours 103,525 Number of design hours 72,050 Number of batches 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Product C 10,900 3,900 Product A Product B Number of machine hours Number of design hours Number of batches 39,000 4,100 49,000 2,250 50 170 280

Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Estimated Cost Driver 98,900 10, 250 Total Cost Activity Cost Pools Machining Designing costs Setup costs Cost Driver of Pool $474,720 Number of machine hours 103,525 Number of design hours 72,050 Number of batches 500 Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Product C 10,900 3,900 Product A Product B Number of machine hours Number of design hours Number of batches 39,000 4,100 49,000 2,250 50 170 280

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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