Harbour Company makes two models of electronic tablets, the Home and the Work Basic production information follows: Home Work Direct materials com per unit $ 43 571 Direct labor cost per un 32 Sales price per unit 368 M Expected production per month 760 units 410 units Harbour has monthly overhead of $185,000, which is divided into the following cost poole Setup costs Quality control Maintenance $ 77,100 60,300 17 000 $ 185,090 The company has also compiled the following information about the chosen cost drivers: Home Work Total Number of setups 35 58 93 Number of inspection 310 380 670 Number of machine hours 1,300 2.100 3.400 Required: 1. Suppose Harbour uses a traditional conting system with machine hours as the cost driver Determine the amount of overhead assigned to each product ine. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Overhead Assigned Home Model Work Model Total Overhead Cost 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. (Round your Intermediate calculatlons and final answers to 2 decimal places.) Home Work Gross Margin 4. Select the appropriate cost driver for each cost pool and calculate the activity ratos It Harbour wanted to implement an ABC ayusam. Setup Costs Qualty Control Maintenance 5. Assuming an ABC system, assign overhead costs to each product based on activity demands. Overhead Assigned To Home Overhead Assigned To Work Setup Costs Quality Control Maintenance Total Overhead Cost 6. Calculato the production cost per unit for each of Harbour's products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost 7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin 3. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.) Home Work Grote Margin (Traditional) Grose Margin (ADC)