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Allocate the overhead costs to the products

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Question - Scorpion Corporation makes three products in its factory: hammers, wrenches, and saws. The overhead costs for the fiscal year are as follows:

Item Activity Cost Pool Cost driver

Machine setups 20,000

Setups Quality control 5,000

QC inspections Utilities and depreciation 500,000

Machine hours Product Setups QC Inspections Machine hours

Hammers 50 100 25,000

Wrenches 100 50 50,000

Saws 50 100 25,000

Required - Allocate the overhead costs to the products.

Reference no: EM132943676

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