Crane sells window coverings to both commercial and residential customers. The following information relates to its budgeted operations for the current year: Commercial Residential $ 300,000 $ 480,000 $ 30.000 $ 70,000 Revenues Direct material costs Direct labour costs Overhead costs Operating income (los) 100,000 300,000 55,000 185.000 162.000 532.000 $ 115,000 ${52,000 The controller, Kimberly Young, is concerned about the residential product line. She cannot understand why this line is not more profitable given that window coverings are less complex to install for residential customers. In addition, the resident lent base resides close to the company office, so travel costs are not as expensive on a per-client visit for residential customers. As a result she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Following are the three activity cost pools and related information she developed Activity Cost Pools Estimated Overhead Cost Drivers Scheduling and travel $92.960 Hours of travel Set-up time 75,640 Number of set-ups Supervision 48.400 Direct labour cost Use of Cost Drivers per Product Commercial Residential Scheduling and travel 980 680 Set-up time 380 230 (a) Calculate the activity-based overhead rates for each of the three cost pools, and determine the overhead cost assigne product line. (Round overhead rate for supervision to 2 decimal places, eg. 15.25% and other answers to decimal places, e Overhead rates Scheduling and travel $ per travel hour Set-up time $ per set-up Supervision % of direct labour cost Commercial Residential Total overhead costs applied $