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Question - 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 $330,000. The overhead cost allocated to the machining activity cost pool is $181,500, and $148,500 is allocated to the machine set-up activity cost pool.
Required - Calculate the overhead rate using the traditional (plant-wide) approach.
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