Stage 1 ABC For Machine Shop: Assigning Costs to Activity As the chiel engineer of a small labrication shop Drenda Tolliver refers to hersell as a "jack-of-all-trades. When an order for a new praduct comes in Drenda must do the following 1. Design the product to meet cusiomer requirements 2. Prepare a bill of materials (a list of materials required to produce the product 3. Prepare an operatiores list (a sequential ist of the steps involved in manufacturing the product). Each time the foundry manufactures a batch of the produci, Drendia musi perform these activities 1. Schedule the job. 2. Supervise the setup of machines that will work an the job 3 Inspect the lirst unit produced to verily tha it meets specifications Brenda supervises the production emplayees who perform the actual work on individual units of produc. She is also responsible for employee training ensuring that production facilities are in proper operating conditio and attending professional meetings. Drenda's estimates fin percent) of time sper on each of these activities last year are as follows g product Suparsing production Assuming Brenda Tolliver's salary is $116,000 per year, determine the dollar amournt of her salary assigned to unit, batch, product,and faciity-level activities You may need to review Chapter 2 belfore ansawering this question) % of Time Spent on Activity Aarmsent of Salary Unit lvel Butchl Product el acility and totl