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Elle Inc. makes two types of handbags: standard and custom. The controller has decided to use a plant-wide overhead rate based on direct labour costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine set-up. Presented below is information related to the company's operations.
Standard Custom
Direct labour costs ;50,000 $100,000
Machine hours 500 1,000
Set-up hours 100 400
Total estimated overhead costs are $300,000. The overhead cost allocated to the machining activity cost pool is $174,000, and $126,000 Is allocated to the machine set-up activity cost pool.
Question 1: Calculate the overhead rate using the traditional (plant-wide) approach.
Question 2: Calculate the overhead rate using the activity-based costing approach.
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