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Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin, Rosehut has identified two activity cost pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Activity Wanhang, Prensing . Yiltering (MPP) hotting Total Activity cost Coat Driver $1,590.750 Washing, Pressing, and Filtering hours $ 535,500 Number of bottles Standard 45, 600 hours 306,000 bottles Extra Virgin 105,900 hours 76,500 bottle Additional Information about each grade of olive oil is as follows: Sales Grade Revenue Standard $5,115.000 Extra Virgin $2,250,000 Direct Materials Costa $900,000 $600,000 Direct Labor Costa $375.000 $150.000 Required: 1. Calculate the activity rate for each cost pool 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product 4. Calculate the gross profit for each product Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the activity rates, determine the total amount of overhead assigned to each product. (Round activity rates to 2 decima places.) Standard Extra Virgin Overhead Overhead Activity Activity for Activity Rate assigned to Activity for Standard assigned to Standard Extra Virgin Extra Virgin WPF $ 10.50 45,600 $ 105,900 Bottling $ 1.40 306,000 Total $ 105,900 $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine total manufacturing cost for each product. Standard Extra Virgin Direct Materials Direct Labor ABC Overhead Total manufacturing costs $ $ 0 $ 0

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