Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of re extinguishers: (1) a home re extinguisher and (2) a commercial re 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 ofdirect labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours X (54,000 + 10200)]. Estimated annual manufacturing overhead is $1,567,870. Thus, the predetermined overhead rate is $16.28 or ($1,567,870 + 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 identied six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Estimated Use of Drivers by Product Estimated Use of Activity Cost Pools Cost Drivers Estimated Overhead Cost Drivers Home Commercial Receiving Pounds $83,750 335,000 215,000 120,000 Forming Machine hours 152,950 35,000 27,000 8,000 Assembling Number of parts 401,450 217,000 165,000 52,000 Testing Number of tests 53,040 25,500 15,500 10,000 Painting Gallons 52,580 5,258 3,680 1,578 Packing and shipping Pounds 824,100 335,000 215,000 120,000 $1,567,870 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 $ $ 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 Estimated Estimated Activity-Based Cost Pool Overhead Use of Cost Drivers Overhead Rate Receiving Pounds per pour , Machine per Forming macl hou rs hour Assembling Parts per part Testing Tests per ' Painting Gallons per gallc Packing er and Pounds p pour shipping Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Round overhead cost per unitL to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, e.g. 2,500.) Home Model Activity Cost Pool Estimated Use of Drivers Activity-Based Overhead Rates Cost Assigned Estimated Drivel Receiving Forming Assembling Testing Painting Packing and shipping Total costs assigned (a) Units produced (b) Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Round overhead cost per unit to 2 decimal places, 6.3. 12.25 and cost assigned to 0 decimal places, 2.3. 2,500.) Commercial Model Estimated Use of Activity-Based Cost Assigned Drivers Overhead Rates Cost Assigned Compute the total cost per unit for each product under ABC. (Round answer to 2 decimal places, 8.3. 12.25.) Home Model Commercial Model Total cost per unit $ $ Classify each of the activities as a value-added activity or a nonvalue-added activity. Activity 4} Receiving 4b Forming 4b Assembling 4} Testing 4} Painting 4} Packing and shipping