Comparing ABC and Piantwide overhead Cost Augmente Wellington Chocolate Company uses activity-based costing (ABC). The controller identified two activities and their budgeted costat Setting up equipment 5070,000 Other overheard 56,496,000 Setting up equipment is based on setup hours, and other overhead is based on oven hours. Wellington produces we products, Fudge and Cookies Information on each product is as follows: Cookies Fudge 0,000 445,000 Units produced Setup hours 12.000 3,000 Oven hours 5,800 40.600 Required Round your answers to the nearest Whole dollar, unless otherwise directed 1. Calculate the activity rate for (a) setting up equipment and (b) other overhead per setup hour Setting up at Other overhead proven hour 2. How much total werd as gned to Fudge ng ABC 128 PM 2. How much total overhead is assigned to Fudge using ABC? 3. What is the unit overhead assigned to Fudgewing Ancond to the nearest cont. per unit 4. Now, ignoring the ABC results, calculate the plantwide overhead rate, based on even hour. Round to the nearestent per oven hour 5. How mith total overhead is assiged to Pudou using the plantwide overhead rato? 6a. The difference in the total overhead assigned to Fudge is different under the ABC system and non-ABC 6. What is the difference in total overhead signed to fudge under the two methods