Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling...

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine ma Required: a. Calculate the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate Activity

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Answer 1

Answer #1

a.

Activity pool	Activity rate [ Cost / Total Activity ]
Material Handling [ 66420.00 / 410 ]	162.00
Machine Maintenance [ 113100.00 / 37700 ]	3.00
Setups [ 74760.00 / 60 ]	1246.00

b.
	*Cost assigned to Models [ Activity of each model Activity rate**
Activity pool	Economy	Standard	Premium
Material Handling	18144	20412	27864
Machine Maintenance	28950	61200	22950
Setups	18690	18690	37380
Total cost assigned	65784	100302	88194

Models	Cost
Economy	65784
Standard	100302
Premium	88194

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Answer 2

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