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Thanks in advance! Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period,

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Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports the following data. Direct materials Direct labor Overhead (386% of direct labor cost) Tota l c ost Quantity produced Average cost per 'Ft. (rounded) Rounded Edge Squared Edge Total 5 9,4% 5 21,5% 5 383% 6,880 11,908 1?,980 13,860 35,?% 53,?% 5 33,460 5 69,1% 5 162,560 13,730 ft. 14,139 ft. 5 3.12 5 4.96 Glassworks's controller wishes to apply activitybased costing {ABC} to allocate the $53,700 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information. Overhead Cost Category (Activity Cost Pool} Supervision Depreciation of machinery Assembly line preparation Total we rhead Cost 5 2,148 23,680 22,8?2 5 53,?% She has also collected the following information about the cost drivers for each category {cost pool} and the amount of each driver used by the two product lines. {Round activity rate and cost per unit answers to 2 decimal places.) Overhead Cost Category (Activity Cost Pool} Supervision Depreciation of machinery Assembly line preparation Usage Driver Rounded Edge Squared Edge Total Direct labor cost (5] 56,6% 511,9% 517,9% Machine hours 4% hours 7% hours 1,160 hours Setups (number) 31 times '34- times 125 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Activity Rate Supervision Direct labor cost % Depreciation of machinery Machine hours Assembly line preparation Setups Activity rate Activity driver Rounded edge incurred Overhead assigned Supervision % Depreciation of machinery Assembly line preparation Activity driver Squared edge Activity rate Overhead assigned incurred Components Supervision % Depreciation of machinery Assembly line preparation 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge

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