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 $342,000 $477.000 Direct materials costs $35,000 $50,000 Direct labor costs 120,000 280,000 Overhead costs 102,000 257,000 172,000 502.000 Operating income (loss $85,000 $125,000) The controller. Pesey Kingman, is concerned about the residential product line. She cannot understand why this tine is not more profitable given that the installations of window coverings 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 on a per client visit for residential customers. As a result she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product contine model can be developed. Here are the three activity cost pools and related information she developed Activity Cost Pools Scheduling and travel Setup time Supervision Estimated Overhead $102.000 112.000 60,000 Cost Drivers Hours of travel Number of setups Direct labor cost Estimated Use of Cost Drivers per Product Commercial Residential Scheduling and travel 700 800 Setup time 250 450 (1) Your Answer Correct Answer (Used) Compute the activity-based overhead rates for each of the three cost pools, (Round overhead rate for supervision to 2 decimal places, eg. 0.38) Overhead Rates 48 Scheduling and travel S per dollar Setup time $ 100 per setup Supervision 0.15 per dollar (a2) Determine the overhead cost assigned to each product line. Commercial Residential Scheduling and travel $ $ $ $ Setup time $ Supervision $ $ Total cost assigned $ Save for Later Attempts: 0 of 3 used Submit Answer (b)