Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information: 
-The total factory overhead to be allocated to each unit of Hooks is
Definitions:
Straight-Line Method
A depreciation method that allocates an equal amount of the cost of an asset to each year of its useful life.
Effective Interest Method
An accounting technique used to allocate the interest expense or income over the life of a financial instrument, reflecting the changing amount of outstanding principal over time.
Present Value
Today's value of a future sum of money or sequence of cash flows, calculated based on an agreed-upon rate of return.
Annual Rate
The interest rate for a period of one year, often used to compare the return on investments or the interest cost on loans.
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