Brilliant Accents Company manufactures and sells three types of kitchen faucets: Brass, Chrome, and White. Production takes 25, 25, and 10 machine-hours to manufacture 1,000-unit batches of brass chrome, and white faucets respectively. The following additional data apply: Brass Chrome White Projected Sales in Units 30,000 50,000 40,000 Per Unit Data: Selling Price Direct Materials Direct Labour Overhead Cost Based on Direct Labour Hrs. (Traditional System) $60 $10 $22 $30 $8 $8 $40 $10 $11 $17.84 $5.35 $7.14 Brass Chrome White Hours Per 1,000-Unit Batch: Direct Labour Hours Machine Hours Setup Hours Inspection Hours 50 25 2 30 15 25 0.5 25 20 10 2 25 Total overhead costs and activity levels for the year are estimated as follows: Activity Overhead Costs Activity Levels Direct Labour Hours Machine Hours Setups Inspections $559,350 $529,200 $1,088,550 3,050 Hours 2,400 Hours 165 Setup Hours 3,150 Inspection Hours Required: ROUND AMOUNTS TO 2 DECIMAL PLACES WHEN NECESSARY 1) Using the traditional system, determine the operating profit per unit for each style of faucet. Hint: The calculation is short. Required: (continued) 2) Explain (showing your calculation) how the Overhead Cost Based on Direct Labour-Hrs. (Traditional System) is $7.14, for the White Faucet, as shown in the data that was given. 3) Determine the activity-cost driver rate for Setup Costs and Inspection Costs. 4) a) Using the ABC system, for the Brass Faucet, determine the estimated overhead costs per unit. b) Using the ABC system, for the Chrome Faucet, determine the estimated overhead costs per unit. 5) Using the ABC system, what is the estimated operating profit per unit for the Brass Faucet