Combat Fire, Inc, manufactures steel cylinders and nozzles for two models of fire extinguishers (1) home fire extinguisher and(2) 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 15 hours of direct labor for completion. Therefore, total anual direct tabor hours are %6,300 or 11.5 hours x (54.000 + 10.20011, Estimated annual manufacturing overhead is $1,566.090. Thus, the predetermined overhead rate is 516.26 or (51566.000 90.300) per direct labor hour. The direct materials cost per units $18.50 ton the home model and $26.50 for the commercial model. The direct labor costs $19 per unit for both the home and the commercial models The company's managers identifieds activity cost pools and related cost drivers and accumulated overhead by cont 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 582.750 335.000 215.000 120,000 Forming Machine hours 151.900 35.000 27.000 8,000 Assembling Number of parts 401450 217.000 165.000 52.000 Testing Number of tests 43.960 25,500 15 500 10.000 Painting Gallons 52.580 5.25 3600 1.578 Pacing and shipping Pounds 1127,450 335.000 215.000 120.000 $1.566,090 2 Your wer is correct Under traditional product conting compute the total unit cost of chroduct (Roundwers to 2 decimal 1250) Home Model Commercial Model Total unit cost 41 $ Attempts: 2 of 3 used (b) Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, eg 12.25) Activity Cost Pool Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rate Receiving Pounds $ pel DOL Der Machine hours $ Forming mas hol Assembling Parts per par Testing Tests pes Gallons Painting $ pes Ball Pounds $ Packing and shippine Der pot (b) Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, ex. 1225) ivity Pool Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rate Pounds per pound iving Machine hours per machine hour ing per Parts part nbling Tests $ per test Der Gallons Ine gallon per ng Pounds pound ing e Textbook and Media Attempts: 0 of 3 used Submit Answer Saveforlater