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Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs $5,410,000 625.000

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Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs $5,410,000 625.000 Expected production Direct labor hours required Hazardous waste disposed Chairs 203,000 units 264,000 DLH 300 pounds Tables 18,000 units 15,208 DLH 700 pounds 18 Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using a single plantwide overhead rate based on direct labor hours. Activity Product OHS per direct labor hour Total Overhead Cost Units Produced OH Cost per unit Driver Chairs Tables 2. Determine hazardous waste disposal costs per unit for chairs and for tables if costs are assigned based on the number of pounds disposed of. Product Activity Driver OH 5 per pound Total Overhead Cost Units Produced OH Cost per unit Chairs Tables 3. Which method is better for assigning costs to each product? Accinnment hacer en direct lahor hure 3. Which method is better for assigning costs to each product? Assignment based on direct labor hours Assignment based on the number of pounds

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