Problenm Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct lebor costs Hazardous waste disposal costs S5,870,000 30,000 c.6 Chales Tables Expected procuction Direct labor hours required... Hatardous waste dispesed oxww211,000 unts 254,000 DLH 7,000 units 16,400 tRH 800 pounds ww.w. 200 ounds Required 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using a single plantwide overhead rate based on direct labor hours. 2. Determine hazardous waste disposal costs per unit for chairs and for tables if costs arc assigned based on the number of pounds disposed of 3. Which method is better for assigning costs to each product? Explain