Northwest Company produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. (Round activity rate and cost per foot answers to 2 decimal places.) Rounded Edge Squared Edge Total $21,700 31,000 18,000 54,000 $69,700 $103,000 $ 9,300 6,000 18,000 $33,300 Direct materials Direct labor Overhead (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) 12,000 36,000 10,600 ft. $ 3.14 14,100 ft. $ 4.94 Northwest's controller wishes to apply activity-based costing (ABC) to allocate the $54,000 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information. Overhead Cost Category(Activity Cost Pool) Cost $ 2,160 28,840 23,000 $54,000 Supervision Depreciation of machinery Assembly line preparation Total overhead She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Rounded Edge Squared Edge Total Direct labor cost ($) Machine hours $12,000 $18,000 $6,000 300 hours 30 times 700 hours 95 times 1,000 hours Setups (number) 125 times 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate Direct labor cost Machine hours Setups of direct labor cost per machine hour per setup Supervision Depreciation of machinery Assembly line preparation Activity driver Rounded edge ctivity rate incurred Overhead a Supervision Depreciation of machinery Assembly line preparation of direct labor cost per machine hour per setup Activity driver incurred Overhead assigned Squared edge ctivity rate Components of direct labor cost per machine hour per setup Supervision Depreciation of machinery Assembly line preparation 2. Determine average cost per foot for each of the two products using ABC. Squared edge Rounded edge