Required information [The following information applies to the questions displayed below.] Day Company produces two beverages, PowerPunch and SlimLife. Data about these products follow. Production volume Liquid materials Dry materials Bottles Labels Machine setups Machine hours PowerPunch 10,000 bottles 2,400 gallons 420 pounds 10,000 bottles 4 labels per bottle 400 setups 200 MH SlimLife 230,000 bottles 29,000 gallons 16,000 pounds 230,000 bottles 3 label per bottle 800 setups 3,300 MH Additional data from its two production departments follow. Department Mixing department Liquid materials Dry materials Utilities Bottling department Driver Cost Gallons $ 1,256 Pounds 9,852 Machine hours 1,750 Bottles Units $96,000 Labeling Machine setup Labels per bottle Setups 43,800 42,000 Required: 1. Determine the cost of each product line using ABC. (Do not round your intermediate calculations and round activity rate answers to 2 decimal places.) Activity Expected Costs Expected Activity Activity Rate Mixing department Liquid materials Dry materials Gallons Pounds Utilities Bottling department per gallon per pound Machine hours per machine hour Bottles Labeling Machine setup PowerPunch Mixing department Liquid materials Dry materials Utilities Bottling department Bottles Labeling Machine setup SlimLife Mixing department Liquid materials Dry materials Utilities Bottling department Bottles Labeling Machine setup Bottles Labels Setups per bottle per label per setup -Activity rate---------- Activity driver incurred Overhead assigned -----------Activity rate-.......... Activity driver incurred Overhead assigned