Mcnamee Corporation's activity-based costing system has three activity cost pools--Fabricating, Setting Up, and...
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Mcnamee Corporation's activity-based costing system has three activity cost pools--Fabricating, Setting Up, and Other. Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. The activity rate for Fabricating is $0.26 per MH; the activity rate for Setting Up is $3.42 per batch. The following table shows the machine-hours and number of batches associated with each of the company's two products: Product 00 Product 01 Total MHS 2,200 16,600 18,800 Batches 320 1,680 2,000 Required: Determine the amount of overhead cost that would be assigned to each product using activity-based costing. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Amount of Overhead Cost Product 00 Product 01
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