Garhart Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products. 
Data concerning two products appear below: 
Required:
a. How much overhead cost would be assigned to Product R57J using the company's activity-based costing system? Show your work!
b. How much overhead cost would be assigned to Product W17B using the company's activity-based costing system? Show your work!
Definitions:
Inelastic Demand
A situation where the demand for a good or service does not significantly change in response to a change in price.
Total Revenues
The total amount of income generated by the sale of goods or services related to the company's primary operations.
Least Elastic Supply
A situation in the market where the supply of a product or service is least responsive to changes in price.
Midpoint Method
A technique used in economics to calculate the elasticity of demand or supply by averaging the start and end points of a range.
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