1) Calculate the amount of overhead allocated to one unit of the basic widget model. 2) Calculate the total cost of one unit advanced widget model. Jumbo Enterprises manufactures two products-a basic widget and an advanced model widget. The company is using an activity-based costing system. They have identified three activities for the allocation of indirect costs. Activity Cost Driver Cost-Allocation Rate Materials receiving Number of parts $2.00 per part Production setup Number of setups $500.00 per setup Quality inspection Inspection time $90 per hour In one production setup, 250 units of the basic widget model are produced. Similarly, in one production setup, 100 units of the advanced widget model are produced. Each unit of product consumes the following activities: Basic Widget Number of Parts 10 Inspection Time 10 minutes Advanced Widget 15 20 minutes Direct costs for the two products are as follows: Direct Materials Basic Widget $50.00 Advanced Widget $95.00 Direct Labor $ 75.00 $125.00