ABC; product profitability Outerwear Inc. is concerned about the profitability of its regular gloves. Company managers are considering producing only the top-quality, fleece lined, gloves. The company is currently assigning the $1,200,000 of overhead costs to both types of gloves based on machine hours. Of the overhead, $480,000 is utilities related and the remainder is primarily related to quality control inspectors' salaries. The following information about the products is also available. Regular Fleece-Lined Number produced 2,000,000 1,400,000 Machine hours 170,000 30,000 Inspection hours 10,000 50,000 Revenues $3,840,000 $3,360,000 Direct costs $3,000,000 $2,640,000 a. Determine the total overhead cost assigned to each type of gloves using the current allocation system. Total OH assigned to regular gloves: $0 Total OH assigned to fleece-lined gloves: $0 b. Determine the total overhead cost assigned to each type of gloves if more appropriate cost drivers were used. Total OH assigned to regular gloves: $ 0 Total OH assigned to fleece-lined gloves: $0 c. Determine the profit before tax for regular and fleece-lined gloves based on the overhead cost assignment in part (b). Profit before tax for regular gloves: $ 0 Profit before tax for fleece-lined gloves: $0