Assignment 7 - Chapter 5 Custom Woods makes three different door styles for cabinets: standard, flat panel, and raised panel. The following information is provided about the company's costs. Overhead Cost Cost Drivers Overhead Allocation Quality Control $14,000 # of setups Maintenance $20,000 # of maintenance hours worked Machine Depreciation $28,500 # of cuts Flat Raised Standard Panel Panel Doors Made 4,000 2,500 1,500 $11,000 $20,000 $37,500 $30,000 3,750 3,000 Direct Material Costs $19,000 Direct Labor Costs $40,000 Direct Labor Hours 4,000 Cost Drivers: Total Setups Total maintenance hours worked 20 Total # of cuts per door made 5 2 4 8 45 60 15 25 Required: A. Determine the overhead cost per unit of activity for each cost driver. B. Prepare a schedule showing the amount of overhead cost allocated to each door style using the ABC rates determined in (A). C. Prepare a schedule showing the total cost for each door style. D. Assume now that the company is using a single overhead rate based on labor hours. Determine the overhead rate per labor hour. E. Prepare a schedule showing the amount of overhead cost allocated to each door style using the single overhead rate determined in (D). F. Prepare a schedule showing the total cost for each door style using these new overhead amounts