Coronado makes two products, Simple and Complex. As their names suggest, Simple is the more basic product, and Complex comes with all the bells and whistles. The company has always allocated overhead costs to products based on machine hours. Last year, the company implemented an activity-based costing system, and managers determined the following activity pools and rates based on total overhead of $2,310,000: Rate Assembly $0.80 per direct labor hour Fabrication $15 per machine hour Setups $20 per batch Banding $230,000 direct to Complex Only the Complex product requires bonding, so all the costs of bonding should be allocated to Complex. The following data relate to both products. Simple Complex Units produced 100,000 40,000 Direct labor hours 240,000 160,000 Machine hours 80,000 30,000 Batches 1,500 4,000 (a) (a) Your answer is correct. Using the traditional method of allocating overhead costs, allocate overhead cost to the products. show that the overhead assigned to each product sums to the total company overhead. determine the overhead cost per unit for each product. (Round overhead rate and overhead per unit answers to 2 decimal places, e.g. 15.25.) Machine hours Overhead rate Simple 80000 $ 21 Complex 30000 21 Total overhead to product $ 1680000 $ 630000 Simple Total overhead to product 1680000 Number of units produced 100000 Complex 630000 40000 Total 2310000 Using the traditional method of allocating overhead costs, allocate overhead cost to the products. show that the overhead assigned to each product sums to the total company overhead. determine the overhead cost per unit for each product. (Round overhead rate and overhead per unit answers to 2 decimal places, e.g. 15.25.) Machine hours Simple 80000 Complex 30000 21 $ 21 Overhead rate Total overhead to product $ 1680000 Total 630000 $ 2310000 Simple Complex Total overhead to product 1680000 630000 Number of units produced 100000 40000 Overhead per unit eTextbook and Media 16.8 15.75 Using the activity-based costing rates, allocate overhead cost to the products. show that the overhead assigned to each product sums to the total company overhead. . determine the overhead cost per unit for each product. (Round per unit answers to 2 decimal places, e.g. 15.25.) Assembly $ Fabrication Setups Bonding Total overhead $ Simple Total overhead to product $ Number of units produced Overhead ner unit $ Complex Total Simple Complex $ $ $ $