Commonwealth Devices makes three wearable fitness devices at its Lake Plant: CFit-1, CFit-2, and CFit-Xtra. The company has for many years allocated overhead to products using machine-hours. Last year, the Lake Plant produced and shipped 8,080 units of CFit-1, 14,240 units of CFit-2, and 8,080 units of CFit-Xtra. The plant recorded the following revenues and costs: The Lake Plant has put together an employee team to recommend a possible activity-based cost system, including cost allocation bases. The employee team recommends the following: The employee team further recommends that administration costs not be allocated to products: Required: a. Using machine-hours to allocate overhead, complete the income statement for the Lake Plant. Do not allocate administrative costs to products. b-1. Compute the cost driver rates. b.2. Complete the income statement using the activity-based costing method suggested by the employee team. Complete this question by entering your answers in the tabs below. Required: a. Using machine-hours to allocate overhead, complete the income statement for the Lake Plant Do not alfocate odministrative costs to products. b-1. Compute the cost diver rates. b-2. Complete the income statement using the activity-based costing method suggested by the employee team. Complete this question by entering your answers in the tabs below. Using machine-hours to allocate overhead, complete the income statement for the Lake Plant, Do not allocate administrative costs to products. Notes Do not round your intermediate calculations. Input all amounts as positive values. Required: a. Using machine-hours to allocate overhead, complete the income statement for the Lake Plant. Do not allocate administra to products. b-1. Compute the cost driver rates. b-2. Complete the income statement using the activity-based costing method suggested by the employee team. Complete this question by entering your answers in the tabs below. Compute the cost driver rates. Note: Round "Material handling", "Machining", and "Shipping" answers to two decimal places. Complete this question by entering your answers in the tabs below. Complete the income statement using the activity-based costing method suggested by the employee team. Note: Do not round your intermediate calculations, input all amounts as positive values