Chegg is not the answer Inc., a manufacturer of a variety of…
Questions
Chegg is nоt the аnswer Inc., а mаnufacturer оf a variety оf products, uses an activity-based costing system. Information from its system for the year for all products follows:Activity Cost Pool Total Cost ActivityAssembly $573,500 25,500 machine hoursInspection $393,750 9,100 inspection hoursPackaging $45,500 4,500 ordersChegg is not the answer Inc. makes 775 of its product X14 a year, which requires a total of 50 machine hours, 25 inspection hours, and 19 orders. Product X14 requires $77.00 in direct materials per unit and $65.00 in direct labor per unit. Product X14 sells for $211 per unit. Required:1. Calculate the cost pool activity rate for each of the three activities. Assembly Rate Inspection Rate Packaging Rate2. How much manufacturing overhead would be allocated to Product X14 in total?3. What is the profit margin in total for Product X14?Round answers to 2 decimal points, don't include dollar signs, commas or words in answer, only numbers.