Single Plantwide Rate and Activity-Based Costing Whirlpool Corporation conducted an activity-based costing study of its Evansville, Indiana, plant in order to identify its most profitable products. Assume that we select three representative refrigerators (out of 333): one low-, one medium-, and one high-volume refrigerator. Additionally, we assume the following activity-base information for each of the three refrigerators: Three Representative Number of Number of Number of Number of Refrigerators Machine Hours Setups Sales Orders Units Refrigerator-Low Volume 70 16 350 Refrigerator-Medium Volume 380 15 107 1,900 Refrigerator-High Volume 980 160 4,900 48 Prior to conducting the study, the factory overhead allocation was based on a single machine hour rate. The machine hour rate was $350 per hour. After conducting the activity-based costing study, assume that three activities were used to allocate the factory overhead. The new activity rate information is assumed to be as follows: Sales Order Processing Activity Machining Activity Setup Activity Activity rate $340 $530 $120 a. Complete the following table, using the single machine hour rate to determine the per-unit factory overhead for each refrigerator (Column A) and the three activity-based rates to determine the activity-based factory overhead per unit (Column B). Finally, compute the percent change in per-unit allocation from the single to activity-based rate methods (Column C). If required, round all per unit answers to the nearest cent. Round percents to one decimal place. For column C, use the minus sign to indicate a negative or decrease. Column A Column B Column C Single Rate Overhead Allocation Per Unit 70 ABC Overhead Allocation Per Unit Percent Change in Allocation Product Volume Class LOW Medium 70 High