HACK NEXT Problem 4-1 a (Video) Combat Fire, Inc. manufactures sted cylinders and nozzles for two models of fire extinguishers (1) home fue extinguisher and (2) commercial fire extinguisher. The models high volume 4,000 chemical at 390 PSE. Both products require 1.5 hours of direct labor for completion. Therefore, totalna direct labor hours are 9,300 11.5 hours 54,000 10.200) Estadual manufacturing overhead is $1,585,316. Thus, the predetermined overhead rate is $16.46 or (51,585,3166,300) per direct wor hour. The direct materials cost per unit 18 So for the home made 50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cos pool as follows Estimated Use of Drivers by Product Estimated Use of Activity Cost Pools Cost Drivers Estimated Overhead Cost Drivers Home Commercial Receiving Pounds $90,450 335.000 215,000 120,000 Forming Machine hours 150,00 35.000 Assembling Number of parts 401,450 217,000 165.000 52.000 Testing Number of tests 52,020 25,500 15,500 10.000 Painting Gallons 63,000 5,258 160 1,578 Packing and shipping Pounds 827,450 335,000 215.000 120,000 $1,585,316 8.000 Under traditional product costing, compute the total unit cost of each product. (Round answers to deal places17.) Home Model Commercial Model Total units 5 Under ABC, prepare a schedule showing the computations of the activity based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, e.g. 12.25.) Activity Cost Pool Estimated Estimated Activity-Based Overhead Use of Cost Drivers Overhead Rate Receiving Pounds $ per pound Forming Machine hours per machine hour Assembling Parts $ $ $ per part Testing Tests per test Painting Gallons $ per gallon Packing and shipping Pounds $ per pound 1 Prepare a schedule assigning each it. cost and to Home Model Estimated Use of Activity tlased Drivers Overhead Rates Cost Assigned Activity Cost Pool Receiving Commercial Model Estimated Use of Activity Based Drivers Overhead Hates Cost Assigned Forming $ Assembling $ Testing $ Pacing and song Com the total perforach proceder Codes) Classify each of the activities as a value-added activity or a non-value-added activity. Activity Receiving Forming Assembling Testing Painting Packing and shipping