mework i Saved Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge,

 
   

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mework i Saved 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 (300% of direct labor cost) Total cost Quantity produced Average cost per ft. (rounded) Rounded EdgeSquared Edge Total $ 9,400 $ 21,600 $ 31,000 6,200 12,000 18,208 18,600 36,000 54,689 $ 34,200 $ 69,600 $ 103, 80e 10,600 ft. 14,200 ft. $ 3.23 $ 4.90 Glassworks&#39;s controller wishes to apply activity-based costing (ABC) to allocate the $54,600 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 Cost Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead $ 2,184 29,160 23, 256 $ 54,600 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.) Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Driver Direct labor cost (5) Machine hours entin numhan Rounded Edge $6,200 300 hours aan Squared Edge $12,000 800 hours Total $18, 200 1,100 hours 75 os Usage Overhead Cost Category (Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost ($) Machine hours Setups (number) Rounded Edge $6,200 300 hours 30 times Squared Edge $12,000 800 hours 95 times Total $18,200 1,100 hours 125 times Required: 1. Assign these three overhead cost pools to each of the two products using ABC. Overhead Cost Activity Drivers Activity Rate Activity Supervision Depreciation of machinery Assembly line preparation Direct labor cost Machine hours Setups Activity rate Activity driver incurred Overhead assigned % 0 Rounded edge Supervision Depreciation of machinery Assembly line preparation Squared edge Activity rate Activity driver incurred Overhead assigned Components Supervision Depreciation of machinery Aceamh linn nantinn < Prev 3 of 10 Next > W search Be a oo 17 Homework Saved Supervision Depreciation of machinery Assembly line preparation Activity rate Activity driver incurred Overhead assigned Squared edge 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