Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost..
| Activity Cost Pool |
Estimated
Total Cost |
Estimated Cost Driver |
| Machining |
$ |
321,000 |
13,800 |
machine hours |
| Setup |
|
68,000 |
260 |
batches |
| Quality control |
|
93,000 |
760 |
inspections |
Suppose the Luxury boat requires 4,750 machine hours, 285 inspections, and 57 batches. Using activity proportions, determine the amount of overhead assigned to the Luxury product line. (Round your intermediate calculations and final answers to 2 decimal places.)
| Cost Pool |
Allocated Overhead |
| Machining |
|
| Setup Costs |
|
| Quality Control |
|
| Total Overhead |
|