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Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports
Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. $ 31,900 3103,000 De Lao Overhead (300 ot direct labor cost) Total cost Quantity Produced Average cost per te. (rounded Glassworks's controller wishes to apply activity based costing (ABC) to allocate the $53.700 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information $ 2.148 Overhead Coas Category (htivity Cost Pool) Supervision Depreciation of machinery Asembly in preparation Total overhead 22.22 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cont per unit answers to 2 decimal places Squared Ove whead coat Category AGELLEY CORE Pool Supervision Depreciation of machinery Assembly line preparation Det bort Machine hou Setup (number) Rounded 66,000 400 eux Required: Activity Rate Supervision Depreciation of machinery Assembly line preparation Direct labor cost Machine hours Rounded edge Overhead assigned Supervision Depreciation of machinery Assembly in preparation 3 Overhead coat Category Activity Cost Pool) ***:200 Assembly line preparation W Required: Assign these three overhead cost pools to each of th Direct labor cost Supervision Depreciation of machinery Assembly line preparation Rounded edge Supervision Depreciation of machinery Assembly line preparation Activity rate Squared edge Components Supervision Depreciation of machinery Assembly line preparation Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge
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