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. Total Direct materials Rounded Edge $ 9,700 6,000 18,000 Direct labor Squared Edge $21,600 11,800 35,400 $68,800 $ 31,300 17,800 53,400 Overhead (300% of direct labor cost) Total cost $33,700 $102,500 Quantity produced 10,300 ft. 14,000 ft. Average cost per ft. (rounded) $ 3.27 $ 4.91 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $53,400 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 $ 2,136 28,520 22, 744 $53, 400 Total overhead She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Usage Total Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Rounded Edge $6,000 200 hours Squared Edge $11,800 800 hours 93 times $17,800 1,000 hours 123 times Setups (number) 30 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate Supervision Direct labor cost % Depreciation of machinery Machine hours Assembly line preparation Setups Rounded edge Activity rate Activity driver incurred Overhead assigned Supervision % 0 Depreciation of machinery 0 Assembly line preparation 0 Squared edge Activity rate Activity driver incurred Overhead assigned Components Supervision % 0 Depreciation of machinery 0 Assembly line preparation 0 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge