Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year, Commercial Residential Revenues $298.500 $481.000 Direct materials costs $30.200 $49,000 Direct labor costs 113.200 297.500 Overhead costs 82.700 226,100 151,000 497.500 Operating income foss $72,400 $(16,500) The controller, Pucty Kingonan, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverines are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive ona per dient Visit for residential customers. As a result, she has decided to take a doser look at the overhead costs assigned to the two product lines to determine whether a more accurate product casting model can be developed. Here are the three activity cost pools and related information she demoned Activity Cost Pools Scheduling and travel Setup time Supervision Estimated Overhead $98.000 74.200 Cost Drivers Hours of travel Number of setups Direct labor cost 61,500 Expected Use of Cost Drivers per Product Commercial Residential Scheduling and travel 840 560 Setup time 390 280 Compute the activity-based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, cs. 12.25.) Overhead Rates Scheduling and travel Overhead Rates Scheduling and travel Setup time Supervision Textbook and Media Determine the overhead cost aimed to each product line. Round answers to decimal places 1.575) Commercial Residential Scheduling and trave Setup time Supervision Total cost assigned $ eTextbook and Media Compute the operating income for each product line using the activity-based overhead rates. (Round answers Wo O decimal ploces, e.g. 1.575.) Operating income (loss) Commercial $ Residential $