Problem 7-21 Ellis Perry 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 15,000 2,000 15,000 14,000 3,000 0.5 lbs. 4 lbs. The company incurs $899,000 in overhead per year and has traditionally applied overhead on the basis of direct labor hours. (1) How much overhead will be allocated to each product using the traditional direct labor hours allocation base? (Round per unit rates to places, e.g. 45,000.) AM-2 FM 9 Overhead allocated to each product $ (w) What overhead cost per unit will be allocated to each product? (Round answers to 2 decimal places. 15.25 AM 2 Overhead cost per unit LINK TO TEXT Assume that Ellis Perry has identified three activity cost pools. Pool Assembly Setup Packaging Cost $638,000 121,500 139,500 Cost Driver Direct labor hours Number of setups (1 per batch) Weight (W) Given these activity pools and cost drivers, how much overhead should be allocated to each product Cound per unit rates to 2 decimal 45,000.) AM 2 Total allocated overhead $ 2 (1) What overhead com per unit will be allocated to each product? (Round AM-2 (i) How much overhead will be allocated to each product using the traditional direct labor hours allocation base? places, e.g. 45,000.) 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. 1 AM-2 FM-9 Overhead cost per unit $ LINK TO TEXT LINK TO VIDEO Assume that Ellis Perry has identified three activity cost pools. Cost Pool Assembly Setup Packaging $638,000 121,500 139,500 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 perc 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 5 Click if you would like to show Work for this question: Dren Show work LINK TO TEXT LINK TO VIDEO