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 (3008 of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 9,500 6,000 18.000 $33,300 10,300 it. $ 3.25 Squared Edge Total $21,600 $ 31,100 12.000 18,000 36,000 54,000 $69,600 $103, 100 14.000 Et. $ 4.97 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 Cout Overhead cont category (htivity 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.) Unage Overhead cont category Activity Cost Pool) Driver Rounded Edge Squared Edge Total Supervision Direct labor cost (0) $6,000 $12,000 $10,000 Depreciation of machinery Machine hours 200 hours 800 hours 1,000 hours Assembly line preparation Setupe (number) 32 times 95 times 127 times Required: 1. Asign these three overhead cost pools to each of the two products using ABC Activity Overhead Cost Activity Drivers Activity Rate Activity Rate Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups % Activity rate Activity driver incurred Overhead assigned Rounded edge Supervision Depreciation of machinery Assembly line preparation Squared edge Activity rate Activity driver incurred Overhead assigned % Components Supervision Depreciation of machinery Assembly line preparation 2. Determine average cost per foot for each of the two products using ABC Rounded edge Squared edge