Assignment 2 (Total marks is 60 Marks) Case 1 (20 Marks) Super Tools Pty Ltd has five activity cost pools and two products. It expects to produce 200,000 units of its automobile scissors jack and 80,000 units of its truck hydraulic jack. Having identified its actitivy cost pools and the cost drivers for each cost pool, Super tools Pty Ltd accumulated the following data relative to those activity cost pools and cost drivers. Annual overhead data Activity cost pools Cost drivers Estimated overhead Ordering and receiving Purchase orders $200,000 Machine setup Setups $600,000 Machining Machine hours $2,000,000 Assembling Parts $1,800,000 Inspecting and testing Tests $700,000 Total $5,300,000 Expected use of cost drivers per product Expected use of cost driver Scissors Jacks Hydraulic Jacks per activity 2,500 orders 1,000 1.500 1,200 orders 500 700 800,000 hours 300,000 500,000 3,000,000 parts 1,800,000 1,200,000 35,000 tests 20,000 15,000 Using the above data, do the following a) Prepare a schedule showing the computation of the activity-based costing overhead rate per cost driver (5 Marks). b) Prepare a schedule assigning each activity's overhead cost to the two products (5 Marks). c) Compute and describe the overhead cost per unit for each product (5 Marks). d) Explain the comparative overhead cost per unit