please explain and answer part D

Benton Corporation produces two grades of non-alcoholic wine from grapes that it buys from California growers. It produces and sells roughly 3,000,000 liters per year of a low-cost, high-volume product called CoolDay. It sells this in 600,000 5-liter jugs. Benton also produces and sells roughly 300,000 liters per year of a low-volume, high-cost product called Lite Mist. Lite Mist is sold in 1-liter bottles. Based on recent data, the CoolDay product has not been as profitable as Lite Mist. Management is considering dropping the inexpensive CoolDay line so it can focus more attention on the Lite Mist product. The LiteMist product already demands considerably more attention than the CoolDayline. 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 Lite Mist wine that the profitability of CoolDay declined. Prior to the introduction of Lite Mist, the company had basic equipment simple growing and production procedures, and virtually no need for quality control. Because LiteMist 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 Lite Mist to sell the same quantity as CoolDay. CoolDay requires 1 month of aging: LiteMist requires 1 year. CoolDay requires cleaning and inspection of equipment every 10,000 liters: Lite Mist 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 CoolDay Lite Mist $0.40 $1.20 $0.50 $0.90 Direct materials per liter Direct labor cost per liter Direct labor hours per liter Total direct labor hours 0.05 0.09 150,000 27,000 Estimated Use of Cost Drivers per Product Estimated Use of Cost Drivers per Product Estimated Overhead Estimated Use of Cost Drivers Activity Cost Pools Cost Drivers CoolDay Lite Mist Grape processing Cart of grapes $147,055 6,600 6,000 600 Aging Total months 666,600 6,600,000 3,000,000 3,600,000 Number of bottles 292,500 900,000 600,000 300,000 Number of bottles 200,700 900,000 600,000 300,000 Bottling and corking Labeling and boxing Maintain and inspect equipment 243,200 Number of inspections 800 350 450 $1,550,055 Answer each of the following questions Your answer has been saved, See score details after the due date. Under traditional product costing using direct labor hours.compute the total manufacturing cost per liter of both products, (Round answers to 3 decimal places, es. 12.250.) Lite Mist CoolDay 1938 $ 2880 Manufacturing cost per liter (b) Your answer has been saved. See score details after the due date Under ABC, prepare a schedule showing the computation of the activity-based overhead rates (per cost driver). (Round overhead rates to 3 decimal places, eg. 12.250.) Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rates Grape processing $ 147055 6600 $ 22.281 per cart Aging 666600 6600000 $ 0.101 per month 292500 900000 $ 0.325 per bottle Bottling and corking Labeling and boxing 200700 900000 0.223 per bottle Maintain and inspect equipment 243200 800 $ per 304.000 inspection 1550055 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. (Round overhead rate, cost per liter to 3 decimal places, eg. 12250 and cost assigned to decimal places, eg. 12,250) CoolDay Estimated Use of Activity-Based Activity Cost Pool Cost Drivers Overhead Rates Cost Assigned Grape processing 6000 22.281 133686 s 3000000 0.101 Aging 303000 600000 0.325 Bottling and corking 195000 $ 600000 133800 0.223 Labeling and boxing 350 5 304 106400 Maintain and inspect equipment 871886 Overhead costs assigned 3000000 Liters produced 0.291 Overhead cost per liter 600000 $ 0.223 133800 Maintain and inspect equipment 350 $ 304 105400 Overhead costs assigned $ 871886 Liters produced 3000000 Overhead cost per liter 0.291 Atterbots: 1 of 1 used (d) Compute the total manufacturing cost per liter for both products under ABC. (Round overhead cost per liter to 3 decimal places, es 1.225) CoolDay Lite Mist $ Manufacturing cost per liter