Required iniormation Problem 4-17 Contrast Activity-Based Costing and Conventional Product Costing [LO4-2, LO4-3, LO4-4] [The following information applies to the questions displayed below.j Puget World, Inc., manufactures two models of television sets, the N 800 XL model and the N 500 model. Data regarding the two products follow Direct Labor- Hours per Unit Annual Production 2,000 units 15,000 units Total Direct Labor-Hours 6,000 21,000 27,000 Model N 800 XL Model N 500 3.0 Additional information about the company follows: a. Model N 800 XL requires $80 in direct materials per unit, and Model N 500 requires $35 b. The direct labor wage rate is $23 per hour c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products. d. Model N 800 XL is more complex to manufacture than Model N 500 and requires the use of special equipment. Consequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Activity Measure Estimated Activity Cost Pool Machine setups Special processing General factory Number of setups Machine-hours Direct labor-hours Overhead Cost $ 460,000 215,000 1,485, 000 $ 2,160,000 ted Activit Activity Measure Number of setups Machine-hours Direct labor-hours Model N 800 XL Model N 500 Total 400 20,000 27,000 100 300 20,000 6,000 21,000 Problem 4-17 Part 2 2. Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. a(1). Compute the activity rate for each activity cost pool a(2). Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system. b. Compute the unit product cost of each model &Answer is not complete Complete this question by entering your answers in the tabs below Req 2A1 Req 2A2 Req 2B Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system (Round your intermediate calculations and final answers to 2 decimal places.) Model N 800 Model N Overhead cost per unit Req 2A1 Req 2B