P25-2B Canyon Creek's Shelf Department manufactures bookshelves in its Santa Clarita. California. plant. The company uses activity-based costing. Its activities and related data follow. Activity Budgeted Cost of Activity Allocation Base Cost Allocation Rate Materials handling Assembling Painting $ 300,000 3,000,000 170.000 Number of parts Direct labor hours $ 0.50 15.00 Number of painted bookshelves 6.00 Canyon Creek produced two styles of bookshelves in March-the standard bookshelf and an unpainted bookshelf, which has fewer parts and requires no painting. The totals for quantities, direct materials costs, and other data are as follows: Product Total Units Produced Total Direct Materials Costs Total Number Total Assembling Direct Labor of Parts Hours Standard bookshelf 5,000 $90.000 Unpainted bookshelf 1,000 15,000 100,000 15,000 5,000 900 Required 1. Compute the per-unit manufacturing product cost of standard bookshelves and unpainted bookshelves. 2. Premanufacturing activities, such as product design, were assigned to the standard book- shelves at $5 each and to the unpainted bookshelves at $3 each. Similar analyses were conducted of postmanufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $21 per standard bookshelf and $18 per unpainted bookshelf. Compute the full product costs per bookshelf. 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. 4. What price should Canyon Creek's managers set for standard bookshelves to earn a $34.00 profit per bookshelf?