Pane 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. Direct materials Direct labor Overhead (300% of direct labor cost) Rounded Edge $ 9,600 6,100 18,300 Squared Edge $ 21,800 11,900 35,700 Total $ 31,400 18,000 54,000 Total cost $ 34,000 $ 69,400 $ 103,400 Quantity produced Average cost per ft. 10,400 ft. 3.27 14,100 ft. 4.92 $ $ Pane'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) Supervision Depreciation of machinery Assembly line preparation 2,160 28,840 23,000 Total overhead $ 54,000 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. Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge $ 6,100 400 hours 31 times Squared Edge $ 11,900 800 hours 94 times Total $ 18,000 1,200 hours 125 times 1. Assign these three overhead cost pools to each of the two products using ABC. (Do not round your intermediate calculations and round final answers to the nearest dollar amount. Omit the "$" sign in your response.) Assigned Cost Product Rounded edge Squared edge 2. Determine average cost per foot for each of the two products using ABC. (Do not round your intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Squared edge Rounded edge $ Average cost per foot (ABC) $