please do part c

Question 1 of 3 > .../50 Benton Corporation produces two grades of non-alcoholic wine from grapes that it buys from California growers. It produces and sells roughly 3,000,000 liters per year of a low-cost, high-volume product called CoolDay. It sells this in 600,000 5-liter jug. Benton also produces and sells roughly 300,000 liters per year of a low volume, high cost product called itemist. Lite Mist is sold in 1-liter bottles. Based on recent data, the CoolDay product has not been as profitable as Lite Mist Management is considering dropping the inexpensive CoolDayline so it can focus more attention on the Lite Mist product. The LiteMist product already demands considerably more attention than the CoolDayline. Jack Eller, president and founder of Benton, is skeptical about this idea. He points out that for many decades the company produced only the CoolDay line and that it was always quite profitable. It wasn't until the company started producing the more complicated LiteMist wine that the profitability of CoolDay declined. Prior to the introduction of Lite Mist, the company had bosic equipment simple growing and production procedures, and virtually no need for quality control. Because Lite Mist is bottled in 1-liter bottles.it requires considerably more time and effort. both to bottle and to label and box than does CoolDay. The company must bottle and handie 5 times as marry bottles of Lite Mist to sell the same quantity as CoolDay.CoolDay requires i month of acing: Lite Mistrequires 1 year. CoolDay requires cleaning and inspection of equipment every 10.000 liters:titeMist requires such maintenance every 600 liters Jack has asked the accounting department to prepare an analysis of the cost per liter using the traditional conting approach and using activity based costing. The following information was collected CoolDay Lite Mist Direct materials per liter $0.40 $1.20 Direct labor cost per liter SO 50 $0.90 Direct labor hours per liter 0.05 0.12 Total direct Sbor hours 150,000 36.000 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers Estimated Overhead Activity Cost Pools Cost Drivers CoolDay Lite Mist UAB Question 1 of 3 /50 HIP Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers Estimated Overhead Activity Cost Pools Cost Drivers CoolDay Lite Mist Cart of grapes $146,593 6,600 6,000 800 Grape processing Aging Total months 541.200 3.000.000 3,600,000 6600,000 900,000 Number of bottles 297,000 600,000 300,000 Number of bottles 206,100 Bottling and corking Labeling and boxing Maintain and inspect equipment 900,000 600,000 300.000 Number of Inspections 244,000 800 350 450 $1.434,893 Answer each of the following questions. (a) Your answer has been saved. See score details after the due date Under traditional product costing using direct labor hours.compute the total manufacturing cost per liter of both products, (Round answers to 3 decimal places, eg. 12.250) CoolDay Lite Mist Manufacturing cost per liter $ 120 $ 31026 ULAR Question 1 of 3 /SO c) Prepare a schedule assigning each activity's overhead cost pool to each product, based on the use of cost drivers. Include a computation of overhead cost per liter. (Round overhead ratt, cost perilter to 3 decimal places, 12.250 and cost assigned to decimal places, s. 12,250) CoolDay Activity Cost Pool Estimated Use of Cost Drivers Activity-Based Overhead Rates Cost Assigned Grape processing $ Aging Bottling and corking Labeling and boxing Maintain and inspect equipment Overhead costs assigned $ Liters produced Overhead cost per liter Sove for Attempts:0 of 1 used Submit A (c) Prepare a schedule assigning each activity's overhead cost pool to each product, based on the use of cost drivers. Include a computation of overhead cost per liter. (Round overhead rate, cost per liter to 3 decimal places, s 12.250 and cost assigned to o decimal places, eg. 12.250) List Mist Estimated Use of Cost Drivers Activity-Based Overhead Rates Cost Assigned Cost Assigned $ $ $ $ $ $ Savette Attempts: 0 of 1 used Submit Ar