She has also collected the following information about the cost drivers for each category (cost pool and the amount of each driver used by the two product lines (Round activity rate and cost per unit answers to 2 decimal places.) Usare Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost (5) Hachine hour's Setups (number) Rounded Edge $6,000 400 hours 30 times Squared Edge $11,800 800 hours 95 times Total $17,800 1,200 hours 125 times Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. Direct materials Direct labor Overhead (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 9,700 6.800 18,000 $ 33,700 10,700 ft. 3.15 Squared Edge Total $ 21,600 $ 31,300 11,800 17,800 35.400 53,400 $ 68,800 $ 102,500 14,000 ft. $4.91 Glassworks's controller wishes to apply activity based costing (ABC) to allocate the $53,400 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information Overhead Cost Category Cost tivity Cost Pool) Supervision $ 2,136 Depreciation of machinery 28,520 Assembly line preparation 22,744 Total overhead 553,400 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) She has also collected the following information about the cost drivers for each category (cost pool and the amount of each driver used by the two product lines (Round activity rate and cost per unit answers to 2 decimal places.) Usare Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost (5) Hachine hour's Setups (number) Rounded Edge $6,000 400 hours 30 times Squared Edge $11,800 800 hours 95 times Total $17,800 1,200 hours 125 times Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. Direct materials Direct labor Overhead (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 9,700 6.800 18,000 $ 33,700 10,700 ft. 3.15 Squared Edge Total $ 21,600 $ 31,300 11,800 17,800 35.400 53,400 $ 68,800 $ 102,500 14,000 ft. $4.91 Glassworks's controller wishes to apply activity based costing (ABC) to allocate the $53,400 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information Overhead Cost Category Cost tivity Cost Pool) Supervision $ 2,136 Depreciation of machinery 28,520 Assembly line preparation 22,744 Total overhead 553,400 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.)
