If you could write out steps like on a test so I can learn it, thank you

costs using P4-4A Benton Corporation ng and ABC it buvs from California growers. It produces and sells roughly 3,000,000 liters per yearo ume product called CoolDay. It sells this in 600,000 5-liter jugs. Ben- two tion produces two grades of non-alcoholic wine from grapes t ton also produces and sells roughly 300,000 liters per year of a low-voltume product called LiteMist. LiteMist is sold in 1-liter bottles. Based on recent data. Day product has not been as profitable as Lite Mist. Management is considering the inexpensive CoolDay line so it can focus more attention on the LiteMist product. The LiteMist product already demands considerably more attention than the CoolDay line. dropping Jack Eller, president and founder of Benton, is skeptical about this idea. He points out that for many decades the company produced only the CoolDay line and that it was always quite profitable. It wasn't until the company started producing the more complicated LiteMist wine that the profitability of CoolDay declined. Prior to the introduction of LiteMist, the company had basic equipment, simple growing and production procedures, and virtually no need for quality control. Because Lite Mist is bottled in 1-liter bottles, it requires considerably more time and effort, both to bottle and to label and box than does CoolDay. The company must bottle and handle 5 times as many bottles of LiteMist to sell the same quantity as CoolDay CoolDay requires 1 month of aging: Lite Mist requires I year. CoolDay requires cleaning and inspection of equipment every 10,000 liters: LiteMist requires such maintenance every 600 liters. Jack has asked the accounting department to prepare an analysis of the cost per liter using the traditional costing approach and using activity-based costing. The following information was collected. Direct materials per liter Direct labor cost per liter Direct labor hours per liter Total direct labor hours CoolDay Lite Mist $1.20 $0.90 0.09 150,000 27,000 $0.40 S0.50 0.05 Expected Use of Cost Expected Use of Cost Drivers per Product Estimated OverheadDrivers Activity Cost Pools Cost Drivers LiteMist Grape processing Cart of grapes 145,860 6,600 6,000 Aging Bottling and Total months 396,000 6,600,000 3,000,000 3,600,000 Number of Number of Number of 270,000 900,000 600,000 300,000 189,000 900,000 600,000 300,000 450 bottles corking Labeling and bottles Maintain and inspect equipment inspections 240,800 $1,241,660 800 350 Instructions Answer each of the following questions. (Round all calculations to three decimal places.) 251 (a) Under traditional product costing using direct labor hours, compute the total manu- facturing cost per liter of both products. (b) Under ABC, prepare a schedule showing the computation of the activity-based over (c) (d) Compute the total manufacturing cost per iter for both products under ABC. rates (per cost driver). head Prepare a schedule assigning each activity's overhead cost pool to each product, based on the use of cost drivers. Include a computation of overhead cost per liter 41