Current Attempt In Progress Venus Creations sells window treatments (shades, blinds, and awnings to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $295.400 $476,000 Direct materials costs $29.100 $49.000 Direct labor costs 108,100 312,500 Overhead costs 92.400 229.600 149.000 510.500 Operating income (loss) 565,800 $(34,500) The controller, Perey Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the Installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not is 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. Here are the three activity cost pools and related information she developed: Activity Cost Pools Scheduling and travel Setup time Supervision Estimated Cost Drivers Overhead $86,500 Hours of travel 96.900 Number of setups 58.000 Direct labor cost Expected Use of Cost Drivers per Product Commercial Residential Expected Use of Cost Drivers per Product Commercial Residential Scheduling and travel 840 560 Setup time 420 300 Compute the activity based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, eg. 12.25.) Overhead Rates Scheduling and travel $ Setup time Supervision e Textbook and Media Determine the overhead cost assigned to each product line. (Round answers to decimal places, s. 1,575) Commerci commercial 233 Resident Residen Scheduling and travel $ Setup time Supervision Total cost assigned e Textbook and Media Scheduling and travel $ Setup time Supervision Total cost assigned eTextbook and Media Compute the operating income for each product line, using the activity-based overhead rates. (Round answers to decimal places. e.. 1.575 Operating income (loss) Commercial Residential e Textbook and Media