Check my work 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 Direct materials Total $9,500 Direct labor $21,400 $ 38,990 6.200 12,000 18,200 Overhead (300% of direct labor cost) 18.600 36,000 54,600 Total cost $34,300 $69,400 5183,700 Quantity produced 10.500 ft. 14,200 ft. Average cost per ft. (rounded) 5.3.27 $ 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 Pool Supervision Depreciation of machinery Assembly line preparation Total overhead Cost 5 2.184 29,160 23, 256 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.) 1. Assign these three overhead cost peols 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 in preparation Direct labor cost Machine hours Setups Activity rate Activity driver incurred Overhead assigned Activity rate Activity driver incurred Overhead assigned Components tiporidion Depreciation of machinery Assembly fine preparation 2. Determine avaram Ost perfoot for each of the two brottsing ADC Rounded edge Squared edge Check my work 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 Direct materials Total $9,500 Direct labor $21,400 $ 38,990 6.200 12,000 18,200 Overhead (300% of direct labor cost) 18.600 36,000 54,600 Total cost $34,300 $69,400 5183,700 Quantity produced 10.500 ft. 14,200 ft. Average cost per ft. (rounded) 5.3.27 $ 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 Pool Supervision Depreciation of machinery Assembly line preparation Total overhead Cost 5 2.184 29,160 23, 256 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.) 1. Assign these three overhead cost peols 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 in preparation Direct labor cost Machine hours Setups Activity rate Activity driver incurred Overhead assigned Activity rate Activity driver incurred Overhead assigned Components tiporidion Depreciation of machinery Assembly fine preparation 2. Determine avaram Ost perfoot for each of the two brottsing ADC Rounded edge Squared edge