Fancy Doors, Inc., produces two types of doors, interior and exterior. The company's simple costing system has two direct-cost categories (materials and labor) and one indirect-cost pool. The simple costing system allocates indirect costs on the basis of machine-hours. Recently, the owners of Fancy Doors have been concerned about a decline in the market share for their interior doors, usually their biggest seller. Information related to Fancy Doors production for the most recent year follows: (Click the icon to view the production data.) Read the requirements. i (Click the icon to view additional information.) Requirement 2. Calculate the cost of an interior door and an exterior door under an activity-based costing system. Begin by calculating the ABC allocation rate for each activity. First select the formula, then enter the applicable amounts and calculate the rates. (Round your answers to the nearest cent. Abbreviations used: Bgt. = Budgeted, mach. = machine, mat. = material, prod. = production, sch. = scheduling, qty. = quantity.) Prod. sch. Bgt. cost of activity + Bgt. total qty. of cost allocation base = ABC allocation rate + Data table Interior Exterior Units sold 3,200 1,800 Selling price 145 $ 220 Direct material cost per unit Direct manufacturing labor cost per hour 35 $ 45 14 $ 14 Direct manufacturing labor-hours per unit 1.30 2.00 Production runs 35 75 Material moves 72 162 Machine setups Machine-hours Number of inspections 35 155 6,000 4,000 220 140 Print Done - Cance