Question 7 1 pts Answer questions 7-11 using the information below: Titan Pride produces two product lines: T-shirts and Sweatshirts. The company has used a simple costing system since its inception. The budgeted factory overhead totals $242,000 and is allocated on the basis of 121,000 direct labor hours (DLHs). Additional production information for the two products is as follows: T-SHIRTS 60,000 units SWEATSHIRTS 35.000 units Production volume DHLs (per unit) Direct costs (per unit) 1.2 1.4 $6.50 $ 8.20 The company is currently considering implementing an ABC system to determine the unit costs of its products. The following ABC information has been collected: Activity Budgeted cost Cost allocation base Allocation base quantity T-shirts Sweatshirts 45.000 42.000 DLHS Supervision Inspection $100.920 $141,080 Number of Inspections 53.040 17.500 Under the simple costing system, what is the predetermined overhead rate using DLH as the single cost driver? $1.2/DLH $2/DLH $1.4/DLH $2.6/DLH Question 8 1 pts Under the simple-costing system, what is unit cost of a sweatshirt? $8.50 $11.00 $10.20 $9.60 Question 9 1 pts Under the ABC system, what is the overhead rate for the supervision activity? O $2/DLH $2.40/DLH $2.24/DLH $1.16/DLH Question 10 1 pts Under the ABC system, the unit cost of a sweatshirt will be $10.59 $10.2 $11.36 $9.59 Question 11 1 pts Assume that the ABC provides more accurate cost information. Based on the above results, it can be inferred that, under simple costing. T-shirts (NOT sweatshirts) are overcosted properly costed undercosted More information is needed to answer this