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. Direct materials Direct labor Overhead (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge Squared Edge Total $ 9,700 $21,600 $ 31,300 6,200 11,800 18,000 18,600 35,400 54,000 $34,500 $68,800 $103,300 10,500 ft. 14,000 ft. $ 3.29 $ 4.91 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,000 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. Cost Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead $ 2,160 28,840 23,000 $54,000 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 cost per unit answers to 2 decimal places.) Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Rounded Edge $6,200 Driver Direct labor cost ($) Squared Edge Total $11,800 $18,000 Machine hours 200 hours 600 hours 800 hours Setups (number) 32 times 95 times 127 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Overhead Activity Activity Cost Drivers Activity Rate Direct labor Supervision % cost Depreciation of Machine machinery hours Assembly line preparation Setups Activity Rounded edge Activity rate driver incurred Supervision % 0 Depreciation of 0 machinery Assembly line 0 preparation Overhead assigned Squared edge Activity rate Activity driver incurred Overhead assigned % 0 Components Supervision Depreciation of machinery Assembly line preparation 0 0 2. Determine average cost per foot for each of the two products using ABC. Rounded Squared edge edge