Check my Exercise 17-17 Activity-based costing LO P3 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. Rounded Edge Squared Edge Total Direct materials $ 9,500 $21,400 $ 39,900 Direct labor 6,200 12,800 18,200 Overhead (380% of direct labor cost) 18,600 36,000 54,600 Total cost $34,300 $69,400 $103,700 Quantity produced 10.500 ft. 14,200 ft. Average cost per ft. (rounded) $ 3.27 $ 4.89 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,600 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 Overhead Cost Category (Activity Cost Poo) Cost Supervision $ 2,184 Depreciation of machinery 29,160 Assembly line preparation 23,256 Total overhead $54,600 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 places.) Usage Check my work VISUAL WHICS Wony SC STUGHULU I UVCHICOU COULEUR product lines to see whether cost per foot would change markedly from that reported above. She has collected the following Information Overhead Cost Category (Activity Cost Pool Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 2,184 29,160 23, 256 $54,600 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 places.) Usage Overhead Cost Category (Activity Cost Pool) Driver Rounded Edge Squared Edge Total Supervision Direct labor cost (5) 56,200 $12,000 518,200 Depreciation of machinery Machine hours 200 hours 800 hours 1.000 hours Assembly Line preparation Setups (number) 32 times 93 times 125 tines Required: 1. Assign these three overhead cool pools to each of the two products using ABC Activity Overhead Cost Activity Drivers lar Activity Rate Assign these three overhead cost pools to each of the two products using ABC Overhead Cost Activity Drivers Activity Rate % Activity Supervision Depreciation of machinery Assembly line preparation Rounded edge Supervision Depreciation of machinery Assembly line preparation Direct labor cost Machine hours Setups Activity rate Activity driver incurred Overhead assigned 10 0 0 Activity rate Activity driver Incurred Overhead Designed Squared edge Components Supervision Depreciation of machinery Assembly in preparation SO 0 O 2. Determine average cost per foot for each of the two products using ADC Rounded edge Squared edge