Ic Triumph Inc. makes two styles of trophies, basic and deluxe, and operates at capacity. Triumph does large custom orders. Triumph budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50. (Click the icon to view budgeted information.) Read the requirements. The controller has asked you to compare plant-wide, department, and activity-based cost allocation. Triumph Budgeted Information for the Year Ended November 30, 2017 Forming Department Basic Deluxe Total Direct materials $ 45,200 $ 23,900 $ 69,100 Direct manufacturing labor 32,600 14,800 47,400 Overhead costs: Set up 7,110 Overhead costs: General overhead 21,330 Assembly Department Basic Deluxe Total Direct materials $ 5,200 $ 2,000 $ 7,200 Direct manufacturing labor 15,700 21,300 37,000 Overhead costs: General overhead 3,700 Requirement 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plant-wide overhead rate, if total overhead is allocated based on total direct costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) (Round all intermediary and final calculations to the nearest cent, $XXX.) Basic Deluxe Unit cost Requirement 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department (Round all intermediary and final calculations to the nearest cent, $XXX.) Basic Deluxe Unit cost Requirement 3. Calculate the budgeted unit cost of basic and deluxe trophies if Triumph allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. (Round the budgeted setup rate to the nearest whole dollar and the budgeted supervision rate to the nearest cent. Round your final answers to the nearest cent, SXXX.) Basic Deluxe Unit cost Requirement 4. Explain briefly why plant-wide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why? As Triumph uses more refined cost pools, the costs of basic trophies because trophies use a higher proportion of cost drivers. Direct costs are trophies. This results in deluxe trophies being Triumph which and basic trophies and costs of deluxe trophies use the activity-based costing system because it helps managers pricing, cost reduction, and design decisions.. This is for deluxe trophies compared to basic in the simple costing system. The activity-based costing system is to understand