Table 1 Selected production and financial data Product Thickness Coated/Uncoated Slit Average Rolls per Batch Materials Cost per Roll Selling Price per Roll A .013 Coated Yes 50 $4,800 $12,600 B .014 Uncoated No 2 $5,200 $13,500 C .015 Coated Yes 35 $5,600 $14,200 D .020 Coated No 175 $7,400 $19,500 Table 2 Overhead Total Depreciation is $800,000 = Product Change **$8,000 + Slitting $70,000 + Net *$722,000 Total Labor is $300,000 = Product Change ** $3,000 + Slitting $25,000 + Net *$272,000 Total Energy is $500,000 = Product Change **$5,000 + Slitting $80,000 + Net * $415,000 Total Other is $198,470 = Product Change **$1,000 + Slitting $20,000 + Net * $177,470 Total Waste is $ 30,000 = Product Change **$30,000 + Slitting 0+ Net 0* Net is equal to total amount minus product change cost and minus slitting cost. This amount represents the general overhead, ie. Overhead that is not specific to a particular product. **Product change is required of all four products and the cost is to be divided equally among the four products. Total product cost is equal to materials, overhead, product cost and where incurred slitting costs. Requirements 1. Prepare a schedule proving that overhead is currently 105% of material costs. 2. Prepare a schedule showing cost per roll of each of the four products using the 105% overhead rate. 3. As Eastvacos cost accountant you believe the general overhead should be allocated separately. Prepare a schedule showing what you believe the new overhead rate should be