Ivanhoe Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (48,000 units), half-litre cylinder that holds 2.50 kilograms of multi- purpose dry chemical at 480 PSI (pounds per square inch). The commercial model is a low-volume (6,350 units), two-litre cylinder that holds 10 kilograms of multi-purpose dry chemical at 390 PSI. Both products require 2.00 hours of direct labour for completion. Therefore, total annual direct labour hours are 108,700 or [2.00 hrs. x (48,000 + 6,350)]. Estimated annual manufacturing overhead is $1,521,800. Thus, the predetermined overhead rate is $14.00 or ($1,521,800 108,700) per direct labour hour. The direct materials cost per unit is $18.20 for the home model and $26.86 for the commercial model. The direct labour cost is $18.20 per unit for both the home and commercial models. The company's managers identified six activity cost pools and related cost drivers, and estimated overhead by cost pool as follows: Use of Drivers by Product Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers Home Commercial Receiving Kilograms $67,200 336,000 216,000 120,000 Forming Machine hours 148,000 37,000 29,000 8,000 Assembling Number of parts 394,200 219,000 166,000 53,000 Testing Number of tests 53,200 28,000 17,000 11,000 Painting Litres 52,800 6,000 4,000 2,000 Packing and shipping Kilograms 806,400 336,000 216,000 120,000 $1,521,800 Your answer is correct. Under traditional product costing, calculate the total unit cost of each product. Prepare a simple comparative schedule of the individual costs by product. (Round answers to 2 decimal places, e.g. 15.25.) Manufacturing Costs Direct materials Direct labour Overhead Total unit cost Products Home Model Commercial Model +A $ 18.20 +A 26.86 +A eTextbook and Media 18.20 28.00 64.40 +A 18.20 28.00 73.06 Attempts: 1 of 3 used Under ABC, prepare a schedule showing the calculations of the activity-based overhead rates (per cost driver). (Round rate per cost driver to 2 decimal places, e.g. 15.25 and other answers to O decimal places e.g. 1525.) Cost Pool Est. MOH Receiving Forming $ Assembly Testing Painting Packing and shipping $ $ eTextbook and Media Est. Usage Cost Rate Drivers per kilogram per machine hr. per part per test per litre per kilogram