Problem 7-21 Crane is an electronics components manufacturer. Information about the company's two products follows: Units produced Direct labor hours required for production Units per batch Shipping weight per unit AM-2 FM-9 18,000 3,600 24,000 19,000 4,000 90 0.50 lbs. 4 lbs. The company incurs $1,412,655 in overhead per year and has traditionally applied overhead on the basis of direct labor hours. (i) How much overhead will be allocated to each product using the traditional direct labor hours allocation base? (Round per unit rates to 2 decimal places, e.g. 3.54 and final answers to o decimal places, e.g. 45,000.) AM-2 FM-9 Overhead allocated to each product $ (ii) What overhead cost per unit will be allocated to each product? (Round answers to 2 decimal places, e.g. 15.25.) AM-2 FM-9 Overhead cost per unit $ Assume that Crane has identified three activity cost pools. Pool Assembly Setup Packaging Cost $1,075,000 122,375 215,280 Cost Driver Direct labor hours Number of setups (1 per batch) Weight (i) Given these activity pools and cost drivers, how much overhead should be allocated to each product? (Round per unit rates to 2 decimal places, e.g. 3.54 and final answers to o decimal places, e.g. 45,000.) AM-2 FM-9 Total allocated overhead $ (ii) What overhead cost per unit will be allocated to each product? (Round answers to 2 decimal places, e.g. 15.25.) AM-2 FM-9 Overhead cost per unit $ Click if you would like to Show Work for this question: Open Show Work