\"Using this information.\" Fulton explained, \"we can calculate an activitybased cost for each TV board and each PC board and then compare it to the standard cost we have been using. The only cost that remains the same for both cost methods is the cost ofdirect material. The cost drivers will replace the direct labor. machine time. and overhead costs in the old standard cost gures.\" Budgeted Annual Activity Budgeted Cost Cost Driver 'For Cost Driver Procurement $ 968,888 Number of parts 8, 524,888 parts Production scheduling 528,888 Number of boards 143,858 boards Packaging and shipping 1,848,888 Number of boards 143,858 boards Total $ 2,529,999 Machine setup $ 956,888 Number of setups 346,588 setups Hazardous waste disposal 128,888 Pounds of waste 36,284 pounds Qualityr control 1,216,888 Number of inspections 346,588 inspections General supplies 188,888 Number of boards 143,858 boards Total $ 2,488,888 Machine insertion $ 3,288,888 Number of parts 6,188,888 parts Manual insertion 8,574,888 Number of parts 2,424,888 parts Wave-soldering 344,888 Number of boards 143,858 boards Total $13,144,999 Required per Unit PC Board TV Board Parts: 8? 42 Machine insertions 52 41 Manual insertions 35 1 Machine setups 3 2 Hazardous waste disposal, in lb. 8.58 8.88 Inspections 3 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 On the basis of Manchester's unit cost data given in the problem, calculate the total amount that each of the two product lines will contribute toward covering fixed costs and profit in 20x1. (Round your intermediate calculations to 2 decimal places.) ( Required1 Required3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using activity-based costing, calculate the total amount that each of the two product lines will contribute toward covering fixed costs and prot in 20x1. [Round your intermediate calculations to 2 decimal places.)