Not sure what I am doing wrong for the Machining amount. the amount shown is not

Question

Not sure what I am doing wrong for the Machining amount. the amount shown is not right. The other two are. I need help calculating what the Machining is. I will give thumbs up thank you!

My previous answers that are incorrect are:

67,704

67,705

Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Estimated Total Cost Activity Cost Pools Machining Setup Quality control Estimated Cost Driver $ 331,000 13,200 machine hours 59,000 101,000 350 batches 780 inspections Suppose the Speedy boat requires 2,700 machine hours, 97 batches, and 370 inspections. Using the activity rates, determine the amount of overhead assigned to the Speedy product line. (Round intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount.) Cost Pool Machining Setup Costs Quality Control$ Total Overhead $ Allocated Overhead 67,704 16,351 47,910 131,965

Explanation / Answer

Machining:

Cost per machine hour = $331,000 / 13,200 machine hours = $25.08 per machine hour

Allocated overhead (Machining) = 2,700 machine hours × $25.08 per machine hour = $67,716

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