2 4 Smythe Crystal makes fine tableware in its Ireland factory. The following data are taken from its production plans for the year. points Direct labor costs Setup costs 5,350,000 625,000 eBook Wine Glasses Commemorative Vases Expected production 206,000 units 13,000 units Direct labor hours Hint 260,000 DLH 15,600 DLH required Machine setups required 400 setups 300 setups Print Required: References 1. Determine the setup cost per unit for the wine glasses and for the commemorative vases if setup costs are assigned using a single plantwide overhead rate based on direct labor hours Product Wine Glasses Vases Activity Driver Overhead Rate Total Overhead Cost Units Produced OH Cost per unit 2. Determine setup costs per unit for the wine glasses and for the commemorative vases if the setup costs are assigned based on the number of setups Product Wine Glasses Vases Activity Driver Overhead Rate Total Overhead Cost Units Produced OH Cost per unit 3. Which method is better for assigning costs to each product? O Assignment based on direct labor hours O Assignment based on the number of setups