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 Rounded Edge Squared Edge Total Direct labor $ 9,500 $21,500 $ 31,800 Overhead (3084 of direct labor cost) 6, 100 11,990 18,000 18,300 35,700 54,000 Total cost $33,900 $69, 100 $183,000 Quantity produced 10,700 ft. 14,000 ft. Average cost per ft. (rounded) $ 3.17 $ 4.94 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 Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 2,160 28,840 23,800 $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) Driver Rounded Edge Squared Edge Total Supervision Direct labor cost (5) $6, 100 $11.900 $18,000 Depreciation of machinery Machine hours 300 hours 800 hours 1,100 hours Assembly Line preparation Setups (number) 30 tines 93 times 123 times 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision $ 2,160 $ 18.000 Direct labor cost Depreciation of machinery 28,840 1,100 Machine hours Assembly line preparation 23,000 123 Setups Activity Rate % Rounded edge Activity rate Activity driver incurred Overhead assigned % 0 Supervision Depreciation of machinery Assembly line preparation 0 0 Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation % 0 0 0 2. Determine average cost per foot for each of the two products using ABC Rounded edge Squared edge