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2 EyeGuard Equipment Incorporated (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firm has two main product linesthe highest- quality product is called Safe-T, and a low-cost, value version is called Safe-V. Information on the factory conversion costs for EEl is as follows: 70 points Salaries Supplies Factory expense Total Factory Costs $ 857,000 157,000 557,000 $ 1,571,080 EEI uses ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes, as shown below. EEl has four activities: job setup, assembly, inspecting and finishing, and packaging. Setup 10% 15 Salaries Supplies Factory expense Packaging 15% Inspecting and Finishing 25% 30 30 Assembly 50% 55 70 Total 100% 100 100 The activity cost drivers for the two products are summarized below. Activities Setup Assembly Inspect and finishing Packaging Activity Driver Batch Units Finishing hours Packing hours Batches Units Finishing hours, per unit Packaging hours, per unit Materials per unit Safe-V 320 67,000 @.40 0.30 $ 3.00 Safe-T 670 79,000 0.40 0.20 $ 7.00 Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products. 3. Determine the activity-based unit cost for each of the products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the amount of the cost pool for each of the four activities. Packaging Inspecting Factory Setup Assembly Costs Finishing $ 857,000 $ $ 85,700 $ 428,500 $ 214,250 $ 157,000 $ 23,550 $ $ 86,350 $ $ 47,100 $ 557,000 $ 389,900 $ 167,100 $ 1,571,000 $ 109,250 $ 904,750 $ 428,450 Salaries Supplies Factory expense $ $ 128,550 $ 128,550 (Required 1 Required 2 > EyeGuard Equipment Incorporated (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firm has two main product linesthe highest- quality product is called Safe-T, and a low-cost, value version is called Safe-V. Information on the factory conversion costs for EEl is as follows: Salaries Supplies Factory expense Total Factory Costs $ 857,000 157,000 557,000 $ 1,571,000 EEl uses ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes, as shown below. EEl has four activities: job setup, assembly, inspecting and finishing, and packaging Setup 10% 15 Salaries Supplies Factory expense Packaging 15% Inspecting and Finishing 25% 30 30 Assembly 50% 55 70 Total 100% 100 100 The activity cost drivers for the two products are summarized below. Activities Setup Assembly Inspect and finishing Packaging Activity Driver Batch Units Finishing hours Packing hours Batches Units Finishing hours, per unit Packaging hours, per unit Materials per unit Safe-V 320 67,000 0.40 .30 $ 3.00 Safe-T 670 79,000 @.40 .20 $ 7.00 Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products. 3. Determine the activity-based unit cost for each of the products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-based unit cost for each of the products. (Round your intermediate calculations and final answers to 2 decimal places.) Safe-V Safe-T $724,608.00 $847,135.00 Activity-based cost per unit EyeGuard Equipment Incorporated (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firm has two main product linesthe highest- quality product is called Safe-T, and a low-cost, value version is called Safe-V. Information on the factory conversion costs for EEl is as follows: Salaries Supplies Factory expense Total Factory Costs $ 857,000 157,000 557,000 $ 1,571,000 EEl uses ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes, as shown below. EEl has four activities: job setup, assembly, inspecting and finishing, and packaging. Setup 10% 15 Salaries Supplies Factory expense Packaging 15% Inspecting and Finishing 25% 30 30 Assembly 50% 55 70 Total 100% 100 100 The activity cost drivers for the two products are summarized below. Activities Setup Assembly Inspect and finishing Packaging Activity Driver Batch Units Finishing hours Packing hours Batches Units Finishing hours, per unit Packaging hours, per unit Materials per unit Safe-V 320 67,000 0.40 0.30 $ 3.00 Safe-T 670 79,000 0.40 0.20 $ 7.00 Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products. 3. Determine the activity-based unit cost for each of the products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-driver rates for assigning factory costs to the two products. (Round your answers to 2 decimal places.) Activity Driver Rates $ 110.35 $ 6.20 Setup Assembly Inspect and Finish Packaging $ 7.34 3.84 X $ $