Problem 7.41 (Part Level Submission) Total Kim Mills produces three different types of fabric, using two departments. In department 1. machines weave the cloth. In department 2 the cloth is dyed a variety of colours Information for the combined use of resources in both departments for the three types of fabr follows: Bolts of cloth are 30 metres each. All fabric is inspected during production. Robotic equipment inspects the fabric for obvious flaws as the bolts are wound up. Each bolt spends about 5 minutes in the inspection process. Lightweight Heavyweight Denim Cotton Cotton Monthly production in units (bolts of fabric) 1.700 bolts 3,050 bolts 2.400 bolts 7.150 bolts Direct materials costs $ 5,600 $22.600 $ 20,700 $ 51.900 Direct labour costs $ 600 $ 1.400 5 900 $ 2.900 Direct labour hours 31 hours 62 hours 45 hours 133 hours 500 Machine hours hours 1.333 hours 1.500 2.333.3 hours hours 14 Number of setups for dye setups 30 setups 27 71 setups Setups Colour changes 82 hours Inspection time 331 hours 165 578.0 hours hours Combined overhead costs for the two departments follows Cost to operate and maintain machines $ 41,000 Setup costs 11.000 Inspection costs 6,996 Total $ 58.996 $15.100 for lightweight cotton, and Previously, Kim Mills used a process costing system that allocated direct materials to each product separately but allocated direct labour and conversion costs as if they were incurred equally across the units produced. Under the process costing wystem. The overhead cost for department 1 is $20.032, and for department is $38.964. Direct labour hours and costs in department 1 are 58 hours at $1,005, and the rest are in department 2. Direct materials for department 1 are $6,400 for denim $14,100 for heavyweight cotton. The remaining direct materials are added in department 2. Ne beginning or ending inventory or abnormal spoilage is recorded for Kim Mills this period (at) Use traditional process costing to allocate the direct materials and conversion costs per department to total bolts produced. Calculate the cost per belt for each type of fabricant You will need to first calculate the equivalent cost perbot for conversion costs for each department.) (Round answers to 2 decimal places, 255.06.) Light- Heavy weight weight Cotton Cotton Denim Direct Materials 5 Active Windows 5 Conversion costs Total Show all