Current Attempt in Progress Sheridan, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) commercial fire extinguister. 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 15 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 dr 11.5 hours (54,000 + 10.2001). Estimated annual manufacturing overhead is $1,577,770. Thus, the predetermined overhead rate is $16.38 or ($1,577.770 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 compass managers identihedsbe 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 Forming Assembling Testing Painting Packing and shoping Cost Drivers Pounds Machine hours Number of parts Number of tests Gallons Pounds Estimated Overhead 580 400 150.850 414470 52.020 52550 27450 51,577.770 Estimated Use of Cost Drivers 335.000 35.000 217.000 25.500 5.250 335.000 Home 215.000 27.000 165.000 15.500 3.600 Commercial "120.000 3.000 52.000 10.000 1578 120,000 215.000 Under traditional product costing.compute the total unit cost of each product. (Round answers to 2 decimal places, .. 12.50 Home Model Commercial Model Total unit cost $ e Textbook and Media Selo Attempts: 0 of 3 ured Submit Art (b)