Hodge, Honer, and Robinson Inc. produces shelving for classrooms at colleges and universities. The company produces 2 types of shelving-rounded and squared shelving on the same production line. For the current period, Hodge, Honer, and Robinson Inc. reported the following data. Direct materials Direct labor Overhead (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Shelving $ 9, 390 6,000 18,000 $ 33,300 10,300 ft $ 3.23 Squared Shelving $ 21,400 11,800 35,400 $ 68, 600 14,000 ft $ 4,90 Total $ 30,700 17,800 53, 480 $101,900 Hodge, Honer, and Robinson Inc.'s CFO 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. The CFO provided the following information Overhead Cost Category Cost (Activity Cost Pool) Supervision $ 2,136 Machinery Depreciation 28, 520 Preparation - Assembly Line 22,744 Total overhead $53, 400 The CFO also provided the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Usage Overhead Cost Category (Activity Cost Pool) Supervision Machinery Depreciation Preparation- Assembly line Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge Squared Edge $6,000 $11,800 200 hours 800 hours 32 times 93 times Total $17,800 1,000 hours 125 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC FIH Next > Required: 1. Assign these three overhead cost pools to each of the two products using ABC, Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups Activity Rate Activity rate Activity driver incurred Overhead assigned % 0 Rounded edge Supervision Depreciation of machinery Assembly line preparation 0 o Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation 90 O O O 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge