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Martin Manufacturing Corp. manufactures two products: X and Y. The total indirect manufacturing overhead resource...

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Accounting

Martin Manufacturing Corp. manufactures two products: X and Y. The total indirect manufacturing overhead resource costs of $100,350 have been assigned to four activity cost pools that use the following cost drivers:

Product Number of Setups Machine Runs Packing Hours Orders
Product X 20 35 1,000 75
Product Y 10 70 1,500 125
Cost per Pool $8,100 $5,250 $65,000 $22,000

Required:

  1. Calculate the unit activity costs for each of the cost drivers listed.
  2. Assign the overhead costs to products X and Y using activity-based costing. Show each individual overhead cost and the totals for both product X and product Y.

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