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) Rounded Edge $ 9,600 6,100 18,300 $ 34,000 10,500 ft. $ 3.24 Squared Edge Total $ 21,700 $ 31,300 12,000 18,100 36,000 54,300 $ 69,700 $ 103,700 14,100 ft. $ 4.94 Total cost Quantity produced Average 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. Cost Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead $ 2,172 29,000 23, 128 $54,300 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge $6,100 300 hours 30 times Squared Edge $ 12,000 800 hours 95 times Total $ 18,100 1,100 hours 125 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate $ 2,172 Direct labor cost % Supervision Depreciation of machinery Assembly line preparation 29,000 Machine hours 23,128 Setups Rounded edge Activity rate Activity driver incurred Overhead assigned % lo Supervision Depreciation of machinery Assembly line preparation 0 0 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 edge Squared edge