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.
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Activities
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Cost Drivers
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Total Cost
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1.
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Materials handling
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Number of requisitions
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$34,221
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2.
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Machine setups
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Number of setups
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26,104
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3.
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Quality inspections
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Number of inspections
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24,432
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$84,757
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The cost driver volume for each product was as follows.
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Cost Drivers
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Instruments
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Gauges
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Total
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Number of requisitions
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392
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645
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1,037
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Number of setups
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210
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292
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502
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Number of inspections
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229
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280
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509
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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. $2,500.)
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Instruments
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Gauges
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Total cost assigned
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$
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$
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Overhead cost per Unit
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$
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$
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