Market Corporation has an activity-based costing system with three activity cost pools-Processing, Batch Setup, and Other. The company's overhead costs, which consist of factory utilities and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Data concerning the company's costs and activity-based costing system appear below: Factory utilities$39,000 Indirect labor$3,000 Distribution of Resource Consumption Across Activity Cost Pools ProcessingBatch SetupOtherFactory utilities0.100.600.30Indirect labor0.300.100.60Required:Assign overhead costs to activity cost pools using activity-based costing.
What will be an ideal response?
Assign overhead costs to activity cost pools by applying the percentages in the table above to the respective costs. For example, the first entry in the table below is computed as follows: $39,000 × 0.10 = $3,900.
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