1.} Under traditional product costing, compute the total unit cost of each product. {Round answers to 2 decimal places. e.g. 12.25.} 2.] Under ritBC, complete the schedule showing the computations ofthe activity-based overhead rates [per cost driver}. [Round your answers to 2 decimal places, e.g. 2.25.] 3.} Complete the schedule assigning each activitv's overhead cost pool to each product based on the use of cost drivers. {Use rates from part b above and round cost assigned to l] decimal places, e.g.12__25.Round overhead per unit to 2 decimal places, e.g. 2.25. Note that due to rounding vour total cost assigned will he slightly.r differentthan calculated above] Cost Driver Home Model Commercial Model Cost ssigned 4.]: Compute the total cost per unit for each product under ElC. [Round vour answers to 2 decimal places, e.g. 12.25.] Home Model $ Commercial Model 33 5.]Classify each of the activities as a value-added activity or a non-value- added activitv. Combat Fire. Inc. manufactures steel cylinders and nozzles for two models of re extinguishers: {1} a home re extinguisher and (2) a commercial re extinguisher. The home model is a highvolu me [54000 units]. half-gallon cylinder that holds 2 1.? pounds of multi purpose dry chemical at 480 PSI. The commercial model is a low-volume [10.200 units]. two-gallon cylinder that holds 10 pounds of multipurpose drychemical at 390 PSI. Both produCts require 1.5 hours of direct labor for completion. Therefore. total annual direct labor hours are 96.300 or [1.5 hours x {51.000 + 10.200}; Estimated annual manufacturing overhead is $1,570.138. Thus.the predetermined overhead rate is $16.30 or {51.570138 : $6.300} per direct labor hour. The direCt materials cost per unit is $18.50 for the home model and $26.50for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identied six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Estimated Use of Drivers by Product Estimated Use of Activity Cost Pools Cost Drivers Estimated Overhead Cost Drivers Home Commercial Receiving Pounds 583.250 335.000 215.000 120.000 Forming Machine hours 150.850 35.000 27.000 8.000 Assembling Number of parts 403.620 217.000 165.000 52.000 Testing Number of tests 49.980 25.500 15.500 10.000 Painting Gallons 52.838 5.258 3.680 1,578 Packingand shipping Pounds 824.100 335.000 215.000 120,000 51,570,138