Tube Maps Saved Help Save & E Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production current period, the company reports the following data. Direct materials Direct labor Overhead (3008 of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 9,600 6,200 18,600 $34,400 10,600 ft. $ 3.25 Squared Edge Total $21,700 $ 31,300 11,900 18,100 35,700 54,300 $69,300 $103, 700 14,200 ft. 4.88 Glassworks's controller wishes to apply activity-based costing (ABC) to allocate the $54,300 of overhead costs two product lines to see whether cost per foot would change markedly from that reported above. She has colle following information. Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 2,172 29,000 23,128 $ 54,300 She has also collected the following information about the cost drivers for each category (cost pool) and the an driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Usage Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge $6,200 300 hours 30 times Squared Edge $11,900 800 hours 94 times Total $18,100 1,100 hours 124 times Activity Rate % Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups Rounded edge Activity rate Supervision % 0 Depreciation of machinery 0 Assembly line preparation Activity driver incurred Overhead assigned 0 Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery % 0 Saved Help Save & Exit Submit Activity rate Activity driver incurred Overhead assigned Rounded edge Supervision Depreciation of machinery Assembly line preparation % 0 0 0 Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation % 0 0 0 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge