(Answered) Testbank exercise 1 jones manufacturing company makes two

Accounting

Testbank Exercise 1 Jones Manufacturing Company makes two products. The company's budget includes $428,260 of overhead. In the past, the company allocated overhead based on estimated total direct labor hours of 18,620. Jones recently implemented an activity-based costing system and had determined that overhead can be broken into three overhead pools: processed purchase orders, machine setups, and good shipped. The following is a summary of company information:

Estimated Cost	Estimated Activities
Orders processed	$74,100	4,940 orders
Machine setups	11,000	550 machine hours
Shipping	24,112	54,800 shipments
$109,212

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