Fanning Company produces commercial gardening equipment. Since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. The costs and cost drivers associated with the four overhead activity cost pools follow Activities Unit Level 67,500 Batch Level $19,740 42 setups Product Level 15,000 Percentage of use Facility Level $154,000 11,000 units Cost Cost driver2,700 labor hrs. Production of 800 sets of cutting shears, one of the company's 20 products, took 280 labor hours and 9 setups and consumed 17 percent of the product-sustaining activities Required a. Had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? b. How much overhead is allocated to the cutting shears using activity-based costing? c. Compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 800 units are produced. If direct product costs are $170 and the product is priced at 25 percent above cost for what price would the product sell under each allocation system? Complete this question by entering your answers in the tabs below uired ARequ Required C and B Had the company used labor hours as a companywide allocation base, how much overhead would it have allocated to the cutting shears? How much overhead is allocated to the cutting shears using activity-based costing? (Round intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) a. Allocated cost b. Allocated cost uired A Requir and B Required C Compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 800 units are produced. If direct product costs are $170 and the product is priced at 25 percent above cost for what price would the product sell under each allocation system? (Round intermediate calculations and final answers to 2 decimal places.) show less ABC Labor Hrs Allocated overhead Direct cost Total cost per unit Desired profit Sales price 0.00 0.00 0.00$ 0.00