Exercise 17-16 Comparing costs under ABC to traditional plantwide overhead rate LO P1, P3, A1, A2 Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs $5,860,000 615,000 Tables 15,000 units 16,200 DLH Chairs Expected production Direct labor hours required Hazardous waste disposed 214,000 units 260,000 DLH 500 pounds 800 pounds Required Answer is not complete. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using single plantwide overhead rate based on direct labor hours. S 615,000 per Activity Driver Total Overhead Cost Units Produced OH Cost per unit Product Chairs Tables direct labor 0.00 S 0.00 S Determine hazardous waste dis the number of pounds disposed of I costs per unit for chairs and for tables if costs are assigned bas Activity Driver OH $ per Total Overhead Cost Units Produced OH Cost r unit Product Chairs Tables und 0.00 S 0.00 S 3. Which method is better for assigning costs to each product? Assignment based on direct labor hours Assignment based on the number of pounds