Current Attempt in Progress Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a 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 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or (1.5 hours x (54,000+10,200) Estimated annual manufacturing overhead is $1.570,138. Thus, the predetermined overhead rate is $16.30 or ($1.570.138+ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows Estimated Use of Drivers by Product Activity Cost Pools Receiving Cost Drivers Pounds Estimated Overhead $83,750 Estimated Use of Cost Drivers Home Commercial 335,000 215.000 120,000 Forming Machine hours 150,850 35.000 27,000 8.000 Assembling Number of parts 403.620 217,000 165,000 $2.000 Testing Number of tests 49,980 25.500 15.500 10.000 Painting Gallons 57.838 5,258 3,680 1.578 Packing and shipping Pounds 824,100 335.000 215.000 120,000 $1,570,138 X Your answer is incorrect. Under traditional product costing, compute the total unit cost of each product. (Round answers to 2 decimal places, eg. 12.50) Home Model Total unit cost $ eTextbook and Media Commercial Model 641180 $ 311578 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 Receiving Forming Assembling Testing Estimated Overhead Estimated Use of Cost Drivers Pounds Machine hours Parts $ Tests $ Painting Gallons $ Packing and Pounds $ shipping Activity-Based Overhead Rate Activity Cost Pool Receiving Forming Assembling Testing Painting Packing and shipping Total costs assigned (a) Units produced (b) Overhead cost per unit ((a)+ Estimated Use of Drivers 80400 Home Model Activity-Based Overhead Rates $ Estin Cost Assigned 335000 $ $ Cost Assigned Estimated Use of Drivers Commercial Model Activity-Based Overhead Rates S S $ $ $ Cost Assigned $ Compute the total cost per unit for each product under ABC. (Round answer to 2 decimal places, eg. 12.25.) Home Model Total cost per unit $ 57.52 $ Commercial Model 94.30