Reference no: EM132692244
St. James, Inc., currently uses traditional costing procedures to allocate manufacturing overhead to its two products, Beta and Zeta, on the basis of direct labor hours. For 2018, St. James has budgeted $820,000 of manufacturing overhead for 4,000 direct labor hours. St. James, Inc. is considering a shift to activity-based costing (ABC) with the creation of individual cost pools that will use direct labor hours (DLH), production set-ups (SU) and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes are:
Pool #1 Pool #2 Pool #3
Product (Driver: DLH) (Driver: SU) (Driver: PC)
Beta 1,200 DLH 45 set-ups 2,250 PC
Zeta 2,800 DLH 55 set-ups 750 PC
4,000 DLH 100 set-ups 3,000 PC
Pool Cost $160,000 $300,000 $360,000
Problem a) using traditional costing procedures, what is the predetermined overhead rate?
Problem b) the overhead cost allocated to Beta by using Activity Based Costing procedures would be:
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