Problem B: ABC Company provided the following information for the month of September 2008. Factory overhead is applied at the rate of 100% based on direct labor cost. The estimate overhead for the...

Extracted text: Problem B: ABC Company provided the following information for the month of September 2008. Factory overhead is applied at the rate of 100% based on direct labor cost. The estimate overhead for the month amounts to P160,500. Model A Model B Unit produced Direct materials cost per unit Direct labor cost per unit 450 800 P400 P600 P90 P150 Activities Materials handling Production set ups Quality inspection Machine depreciation 3,200 kilos 15 runs 900 kilos 9 runs 80 hours 120 hours 280 hours 506 hours Overhead estimates for the year are broken down as follows: Materials handling Cost Driver Estimated number of Estimated overhead costs deliver units Cost. Materials Handling Production setups Quality inspections Machine depreciation Number of kilos 50,000 kilos P400,000 Number of runs 300 runs P900,000 Inspection hours 4,000 hours P300,000 Machine hour 10,000 hours P400,000 Total estimated head 8. Predetermined annual overhead rates for Activity-based costing (Machine depreciation) 9. Overhead costs assigned to Model A using activity-based costing 10. Overhead costs assigned to Model B using activity-based costing