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Major Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 45 range instruments and 299 pressure gauges were produced, and overhead costs of $84,757 were estimated. An analysis of estimated overhead costs reveals the following activities.
Activities
Cost Drivers
Total Cost
1.
Materials handling
Number of requisitions
$34,221
2.
Machine setups
Number of setups
26,104
3.
Quality inspections
Number of inspections
24,432
$84,757
The cost driver volume for each product was as follows.
Instruments
Gauges
Total
392
645
1,037
210
292
502
229
280
509
Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round cost per unit to 2 decimal places, e.g. $120.25 and total cost assigned to 0 decimal places, e.g. $2,500.)
Total cost assigned
$
Overhead cost per Unit
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