Sheridan Publishing identified the following overhead activities, their respective costs, and their cost drivers to produce the three

types of textbooks the company publishes.

Deluxe textbooks are made with the finest$-$quality paper, six$-$color printing, and many photographs. Moderate texts are made with

three colors and a few photographs spread throughout each chapter. Economy books are printed in black and white and include

pictures only in chapter openings.

Required

a$.$ Sheridan currently allocates all overhead costs based on machine hours. The company produced the following number of books

during the prior year:

Determine the overhead cost per book for each book type.

b$.$ Determine the overhead cost per book, assuming that the volume$-$based allocation system described in Requirement $a$ is replaced

with an activity$-$based costing system.

Note: For all requirements, round your answers to $2$ decimal places.