Hodge, Lester, and Reid Inc. produces two types of shelving, rounded edge and squared edge, on the same production line. For the current period, Hodge, Lester, and Reid 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 Edge $ 9,700 6,200 18,600 $ 34,500 10,300 ft. $ 3.35 Squared Edge Total $ 21,600 $ 31,300 12, eee 18,200 36,eee 54,600 $ 69,680 $184,1ee 14,800 ft. $ 4.97 Hodge, Lester, and Reid Inc.'s controller wishes to apply activity based costing (ABC) to allocate the $54,600 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. The controller provided the following information Overhead Cost Category Cost (Activity Cost Pool) Supervision $ 2,184 Depreciation of machinery 29,160 Assembly line preparation 23, 256 Total overhead $ 54,6ee The controller 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.) Usare Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost (5) Machine hours Setups (number) Rounded Edge $6,200 200 hours 30 times Squared Edge $12,00 800 hours 95 times Total $18,200 1.000 hours 125 times 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision 2,184 $ 18,200 Direct labor cost Depreciation of machinery 29,160 1.000 Machine hours Assembly line preparation 23,256 125 Setups Activity Rate 0.12% of direct labor cost $ 29.16 Per machine hour $ 186.05 Activity driver incurred Overhead assigned Per setup Activity rate Rounded edge Supervision Depreciation of machinery Assembly line preparation % Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation 0.12 % 0 29.16 0 $ $ 186.05 0 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge