Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi- purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours x (54,000+10,200)]. Estimated annual manufacturing overhead is $1,542,790. Thus, the predetermined overhead rate is $16.02 or ($1,542,790 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Estimated Use of Drivers by Product Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers Home Commercial Receiving Pounds $80,400 335,000 215,000 120,000 Forming Machine hours 144,900 35,000 27,000 8,000 Assembling Number of parts 399,280 217,000 165,000 52,000 Testing Number of tests 44,880 25,500 15,500 10,000 Painting Gallons 52,580 5,258 3,680 1,578 Packing and shipping Pounds 820,750 335,000 215,000 120,000 $1,542,790 Under traditional product costing, compute the total unit cost of each product. (Round answers to 2 decimal places, e.g. 12.50.) Home Model Commercial Model Total unit cost $ eTextbook and Media 61.53 $ 69.53 Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, e.g. 12.25.) Activity Cost Pool Receiving Estimated Overhead Estimated Use of Cost Drivers 80,400 335000 Pounds Activity-Based Overhead Rate 0.24 F F Forming 144900 35,000 Machine hours $ 4.14 h F Assembling 399280 217000 Parts $ 1.84 P Testing 44,880 25,500 Tests $ 1.76 F Painting 52,580 F 5,258 Gallons $ 10 g Packing and 820750 335000 Pounds F $ 2.45 P shipping $ 1542790 eTextbook and Media