52mghmiddleware%252F er 5 Homework Assignment (Mandatory) Seved Activity (Cost) Machine maintenance ($330,000) Setups ($630,000) Packing ($166,000) Photo development ($574,000) Cost Driver Number of machine hours Number of setups Number of cartons Number of pictures Deluxe 25e 35 10 4.400 Moderate 750 20 30 2,400 Economy 1,000 15 6e 1,400 ok nces Deluxe textbooks are made with the finest-quality paper, six-color printing, and many photographs. Moderate texts are made with three colors and a few photographs spread throughout each chapter. Economy books are printed in black and white and include pictures only in chapter openings. Required a. Sheridan currently allocates all overhead costs based on machine hours. The company produced the following number of books during the prior year: Moderate Economy 50,000 150,000 200,000 Determine the overhead cost per book for each book type. b. Determine the overhead cost per book, assuming that the volume-based allocation system described in Requirement als replaced with an activity-based costing system. Deluxe (For all requirements, round your answers to 2 decimal places.) Deluxe Moderate Cost per book (volume-based allocation) b. Cost per book (activity-based costing) Economy