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Concord makes two products, Simple and Complex. As their names suggest, Simple is the more basic product, and Complex comes with all the bells and whistles. The company has always allocated overhead costs to products based on machine hours. Last year, the company implemented an activity-based costing system, and managers determined the following activity pools and rates based on total overhead of $1,495,200: Assembly Fabrication Setups Bonding Rate $1.25 per direct labor hour $9.75 per machine hour $18 per batch $118,550 direct to Complex Only the Complex product requires bonding, so all the costs of bonding should be allocated to Complex. The following data relate to both products Simple Complex Units produced 127.000 42.000 Direct labor hours 240.000 101.000 Machine hours 51.000 33.000 Batches 2,700 4.600 Using the traditional method of allocating overhead costs. allocate overhead cost to the products, show that the overhead assigned to each product sums to the total company overhead. determine the overhead cost per unit for each product. Total (Round overhead rate and overhead per unit answers to 2 decimal places es 1525) Simple Complex Machine hours 51000 33000 Overhead rate $ $ Total overhead to $ 907800 $ 587400 product $ 1495200 Simple Complex 587400 907800 Total overhead to product Number of units produced 127000 42000 Overhead per unit 7.15 1396 Using the activity-based costing rates, allocate overhead cost to the products. show that the overhead assigned to each product sums to the total company overhead. determine the overhead cost per unit for each product. (Round per unit answers to 2 decimal places, eg. 15.25) Simple Complex Total Assembly Fabrication Setups Bonding Total overhead Simple Complex Total overhead to product Number of units produced Overhead per unit $