4 Exercise 17-14 Activity-based costing LO P3 A2 Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data points Skioped Rounded Edge Squared Edge Total Dizect materials Direot labor Overhead (300s of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) $ 9,600 6,100 8,300 $34,000 31, 000 54, 000 69, 000 $103, 000 21, 400 1,900 5,700 18,000 eBook 0,400 ft. 4,200 ft $ 4.86 3.27 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,000 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information. Prine erhead Cost Category (activity Cost Pool) SupervisiOn Depreciation of machinery Assembly line preparatiorn Total overhead Cost s 2, 160 28,840 23, 000 554,000 Reterences She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal ploces.) Overhead Cost Category (Aceivity Coss Pool) Superyision Depreciation of machinery Assenbly line prepazation Driver Rounded Edge Squared Edge 6,100 Total Direet labor cost () Hachine hours 11,900 $10,000 400 hour 600 hour,000 hours 125 times Setups (nunber) 31 tines 94 tines