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 (3000 of direct labor cout) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $19,000 12,200 36,600 $67,800 10,500 ft. $ 6.46 Squared de Total $ 43,200 $ 62,200 23,800 36,000 71,400 108,000 $ 138,400 $206, 200 14, 100 ft. $ 9.82 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $108,000 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 ovechand coot Category Activity cont Pool Supervision Depreciation of machinery Assembly line preparation Total overhead coot $ 5,400 56,600 46.000 $100,000 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.) Overhead Cont Category thetivity Coat Pools Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost (5) Machine hour Satupe number Rounded Edge $12,200 500 hours 40 times quared Idge $25,000 1.500 hours 210 times Total $36.000 2,000 hours 250 times Required: 1 CH 17 Saved Help Activity Rate % 1. Atsion these overhead cont pools to ench of the two producis cuing ABO Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly Ino preparation Setups Rounded edge Activity rate Supervision % Depreciation of machinery 0 Assembly line preparation 10 Activity driver Incurred Overhead assigned Activity rate Activity driver incurred Overhead assigned Squared edge 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 edge Squared edge