Part 1: Bad River Company produces three products with the following production and cost information: Model L Model J Model K Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections 20,000 60,000 120,000 40,000 20,000 40,000 150 250 100 55 40 45 150 50 100 Overhead information includes Cost $290,000 Driver number of setups number of shipments number of inspections Setups Shipping Quality Total 210,000 600,000 $1.100,000 Required: Determine the amount of overhead that would be assigned to each unit of all three products using activity-based costing Part 2: Red Sauce Canning Company processes tomatoes into catsup, tomato the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer Production and sales value information for the summer were as follows juice, and canned tomatoes. During the summer Additional Costs Selling Price $28 per case $25 per case Product Ketchup Cases 100,000 S3.00 per case Juice 150,000 5.00 per case Canned 2.50 per case 200,000 10 per case Required: a. Determine the amount allocated to each product if the estimated net realizable value method is used b. Determine the amount allocated to each product if the physical units method is used