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. Rounded EdgeSquared Edge 21,500 9,500 6,100 12,000 36,000 18,300 69,500 33,900 Total 31,000 18.10C 54,300 $103.400 Direct materials Direct labor Overhead (300 % of direct labor cost Total cost 10.400 ft. Quantity produced 14,100 ft. 3.26 4.93 Averaoe cost per ft. (rounded) Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,300 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 Overhead Cost Category Cost (Activity Cost Pool) Supervision Depreciation of machinery 29,000 Assembly line preparation 23,128 2,172 54.300 Total overhead 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 machinerMachine hours Assembly line preparationSetups (number) Total 18.100 Rounded Edge Squared Edge 12,000 Driver Direct labor cost (S)56,100 300 hours 30 times 700 hours 1,00C hours 94 times: 124 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC Overhead Cost Activity Drivers Activity Rate Activity Direct labor cost Supervision Depreciation of machinery Machine hours Setups Assembly line preparation Activity driver incurred Overhead assigned Rounded edge Activity rate- Supervision Depreciation of machinery Assembly line preparation Activity driver incurred Squared edge Activity rate Overhead assigned Components Supervision Depreciation of machinerys Assembly line preparation 2 Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge