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Please show step by step solution Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than

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Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily t believes that the accounting system is not accurately allocating costs to products, particularly because sales of the nevw product have been increasing Management has asked you to investigate the cost allocation problem. You find that manufacturing overhead is currently assigned to products based on their direct labor costs. For your investigation, you have data from last year. Manufacturing overhead was $1,193,000 based on production of 300,000 handheld consoles and 104,000 home consoles. Direct labor and direct materials costs were as follows: Total Direct labor Materials $1,110,250 760,000 Home 381,000 $1,491,250 708,000 1,468,000 Management has determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year are as follows Activity Level Cost Driver Number of production runs Quality tests performed Shipping orders processed Total overhead Costs Assigned Handheld HomeTotal $ 550,000 493,000 150,000 $1,193,000 35 12 110 15 17 40 50 29 150 Required a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total cost per unit" to 2 decimal places.) Overhead Total Cost per Unit Home

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