Now calculate the overhead cost per unit per purse using two overhead rates: one of the setup activity and one of the machining activity. In choosing a driver to assign the setup costs, did you use number of setups or setup hours? Why? As part of your explanation, define transaction and duration drivers. Do you think machine costs are treated accurately to each type of purse? Explain. Multiple versus Single Overhead Rates, Activity Drivers Company has identified the following overhead activities, costs, and activity drivers for the coming year: produces two models of dishwashers with the following expected prime costs and activity demands: The company's normal activity is 8,000 direct labor hours. Required: Determine the unit cost for each model using labor hours to apply overhead. Determine the unit cost for each model using the four activity drivers. Which method produces the more accurate cost assignment? Why? Activity-Based Costing, Activity Identification, Activity Dictionary Golding Bank is in the process of implementing an activity-based costing system. A copy interview with the manager of Golding's Credit Card Department follows. How many employees are in your department? RESPONSE: There are eight employees, including me