Swifty-Jones manufactures two large-screen television models. The 65-inch flat-panel LED model has been in production since 2012 and sells for $900. The company introduced a 55-inch 4K ultra HD in 2016; it sells for $1,190. The company's income statement for the current year follows. Based on these results, management has decided to concentrate the company's marketing efforts on the 4K ultra HD model and begin to phase out the LED model. Swifty-Jones Income Statement For the Year Ended December 31 65" LED 55" 4K Ultra HD Total Sales Revenue $ 20,700,000 $ 4,760,000 $25,460,000 Cost of goods sold 12,581,000 3,148,400 15,729,400 Gross pr 8,119,000 1,611,600 9,730,600 Selling and administrative expenses 5,341,000 997,000 6,338,000 Operating income $ 2,778,000 $ 614,600 $ 3,392,600 Units produced and sold 23,000 4,000 Operating income per unit sold 120.78 $ 153.65 The unit costs for the two television models are as follows: 65" LED 55" 4K Ultra HD Direct materials $310.00 $640.00 Direct labor 18.00 42.00 Manufacturing overhead 219.00 105.10 Total unit cost $547.00 $787.10 Mark Renn, Swifty-Jones' controller, just attended a seminar on activity-based costing and believes the company should implement such a system. He has gathered the following annual information to explore the possibility. Traceable Number of Events Activity Cost Pool Cost Driver 65" LED 55" 4K Ultra HD Total Soldering number of solder joints $864,600 1,185,000 387,000 1,572,000 Shipping number of shipments 1,612,040 16,000 4,000 20,000 $ Costs implement such a system. He has gathered the following annual information to explore the possibility. Traceable Number of Events Activity Cost Pool Cost Driver Costs 65" LED 55" 4K Ultra HD Total Soldering number of solder joints $864,600 1,185,000 387,000 1,572,000 Shipping number of shipments 1,612,040 16,000 4,000 20,000 Quality control inspecting number of inspections 1,326,000 56,400 21,600 78,000 Purchasing number of orders 780,000 80,000 115,000 195,000 Machining number of machine hours 74,760 160,000 18,000 178,000 Machine setups number of setups 800,000 16,000 16,000 32,000 Tot aceable costs $5,457,400 Calculate the activity rate for each activity cost pool. (Round answers to 2 decimal places, e.g. 15.25.) Cost Pool Activity Rate Soldering /joint Shipping $ / shipment $ Quality control $ / Inspection Purchasing $ / purchase order Machining $ / machine hour Setups $ / setup LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO otv MacBook Pro Q Search or type URL * + D 888 2 + % 5 & 7 6 8 9 0 T Y - 0 P { [ 1 G H. J L