Major Instrument, Inc. manufactures two products: missile range instruments and space pressure

Major Instrument, Inc. manufactures two products: missile range instruments and space pressure

Major Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 47 range instruments and 303 pressure gauges
were produced, and overhead costs of $88,867 were estimated. An analysis of estimated overhead costs reveals the following activities.

Activity Cost Driver Total Cost
1. Materials handling Number of requisitions $41,680
2. Machine setups Number of setups 25,092
3. Quality inspections Number of inspections 22,095

$88,867

The cost driver volume for each product was as follows.

Cost Driver Instruments Gauges Total
Number of requisitions 418 624 1,042
Number of setups 187 305 492
Number of inspections 250 241 491

Determine the overhead rate for each activity.
Materials handling___ $
Machine setup____ $
Quality inspections ____$

Assign the manufacturing overhead costs for April to the two products using activity-based costing. (Round answers to 0 decimal places, e.g. 250.)
Instruments per unit_____ $
Gauges per unit ______$

 

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