Exercise 17-14 Venus Creations seil window treatments (shades, blinds, and wings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $299,700 $185,000 Direct materials costs $30,700 $50,500 Direct labor costs 107,000 293,500 Overhead costs 84,500 222,200 150.000 494,000 Operating income (oss) 1727500 60 The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more proftable 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 as expensive ona per dient visk for residental 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 Cout Pool Cour Divers Scheduling and travel Setup time Supervision Estimated Overhead 390 500 87,000 57,000 Hours of travel Number of setups Direct labor cost Expected Use of Cost Drivers per Product Commercial Residential Scheduling and travel Setup time 350 280 Compute the activity based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, ... 12.25.) Overhead Rates Scheduling and travel Setup time Supervision decimal places, eg 1,575.) Determine the overhead cost assigned to each product line. (Round answers to Commercial Residential Scheduling and travel Setup time Supervision Total cost assigned Compute the operating income for each product line, using the activity-based overhead rates. (Round answers to decimal places,.. 1,575.) Operating Income (loss) Commercials Residential Click If you would like to show work for this questioni Open Show Work