Part 1: Red River Company produces three products with the following production and cost information: Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections Model X 35,000 40,000 120 55 50 Modely 75,000 20,000 180 50 150 Model z 125,000 40,000 350 45 100 Overhead information includes Driver Setups 1 Shipping ? Quality 3 Total Cost $ 310,000 280,000 800,000 $ 1,390,000 number of setups number of shipments number of inspections Required: Determine the amount of overhead that would be assigned to each unit of all three products using activity- based costing. Part 2: Alpine Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer, the joint costs of processing the tomatoes were $480,000. There was no beginning or ending inventories the summer. Production and sales value information for the summer were as follows: Cases Product Ketchup Juice Canned 110,000 175,000 220,000 Additional costs Selling Price Per Case Per case 3.25 32.00 6.50 28.00 2.75 15.00 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