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Calculate the activity rate for molding and assembly

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Reference no: EM133052766

Question - K-Tyres Corp. produces two types of tires, regular and snow tires. The company uses activity-based costing and has identified two activities and their budgeted costs:

Molding RM 75,000

Assembly RM 260,000

Molding is based on mixing hours and assembly is based on machine hours. Information regarding each product is as follows:

Regular tire Snow tire

Units produced 5,000 2,000

Mixing hours 525 275

Machine hours 1,000 460

Required -

A. Calculate the activity rate for molding and assembly.

B. Calculate how much total overhead is assigned to each type of tire.

C. Calculate the unit overhead assigned to each type of tire.

D. Assume the company does not use ABC costing. Calculate the plantwideoverhead rate, based on machine hours. Round your answer to two decimal places.

E. Calculate the total overhead assigned to each type of tire using the plantwide overhead rate.

Reference no: EM133052766

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