Question 1 of 2 2.5/5 E View Policies Show Attempt History Current Attempt in Progress Concord is an electronics components manufacturer. Information about the company's two products follows: AM-2 FM-9 25,000 5,000 12.500 15.000 Units produced Direct labor hours required for production Units per batch Shipping weight per unit 5.000 500 0.50 lbs 10 lbs. The company incurs $935,000 in overhead per year and has traditionally applied overhead on the basis of direct labor hours. (a) Your answer is correct. (1) 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. 45,286.) AM-2 FM-9 chodu 425000 $ 510000 X Your answer is incorrect. Assume that Concord has identified three activity cost pools. Pool Cost Assembly $660,000 Cost Driver Direct labor hours Number of setups (1 per batch) Weight Setup 37.500 Packaging 237.500 (1) 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. 45,286.) AM-2 FM-9 $ Total allocated overhead 344000 $ 516000 (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 $ 86 $ 17.20