Smoky Mountain Corporation makes two types of hiking boots - the Xtreme and the Pathfinder. Data concerning these two product lines appear below: The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhhad $2,250,600 Estimated total direct labor-hours 102,300DLHS Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs): Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. . The company is considering replacing its traditional costing system with an activity-based costing system that would assign lanufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs ar apacity costs): ompute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. Prepare a quantitativ comparison of the traditional and activity-based cost assignments. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. ompute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Answer is complete but not entirely correct. = this question by entering your answers in the tabs below. Compute the product margins for the Xtreme and the Pathfinder produits under the activity-based costing system. (Round your intermediate calculations to 2 decimal places.) Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculation decimal places and "Percentage" answers to 1 decimal place.) 3. Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of e ollowing jobs according to the activity-based costing system. A routine 1,000-square-foot asbestos removal job. A routine 2,000-square-foot asbestos removal job. A nonroutine 2,000-square-foot asbestos removal job. Complete this quastion by entering your answers in the tabs below. Compute the activity rates for the activity cost pools. Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has been a long-simmering dispute between the company's estimator and the work supervisors. The on-site supervisors claim that the estimators do not adequately distinguish between routine work, such as removal of asbestos insulation around heating pipes in older homes, and nonroutine work, such as removing asbestos-contaminated ceiling plaster in industrial buildings. The on-site supervisors believe that nonroutine work is far more expensive than routine work and should bear higher customer charges. The estimator sums up hic ion in this way: "My job is to measure the area to be cleared of asbestos. As directed by top management, I simply multiply the s ootage by $2.80 to determine the bid price. Since our average cost is only $2.315 per square foot, that leaves enough cust on to care of the additional costs of nonroutine work that shows up. Besides, it is difficult to know what is routine or not routine un' " 'su actually start tearing things apart." To shed light on this controversy, the company initiated an activity-based costing study of all of its costs. Data from the activity-based costing system follow: Note: The 100 nonroutine jobs are included in the total of 500 jobs. Both nonroutine jobs and routine jobs require estimating and setup. Required: 1. Perform the first-stage allocation of costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system. a. A routine 1,000-square-foot asbestos removal job. b. A routine 2,000-square-foot asbestos removal job. c. A nonroutine 2,000-square-foot asbestos removal job. Complete this question by entering your answers in the tabs below. c. A nonroutine 2,000-square-foot asbestos removal job. Complete this question by entering your answers in the tabs below. Us a activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of . owing jobs according to the activity-based costing system. (Round the "Average Cost per thousand square feet" to 2 d cimn hes.) a. A rat 1,000-square-foot asbestonstemoval job. b. A routine 2,000-square-foot asbestos removal job. c. A nonroutine 2,000-square-foot asbestos removal job