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Exercise 17-16 Comparing costs under ABC to traditional plantwide overhead rate P1 P3 A1 A2 Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs.. Hazardous waste disposal costs $5,870,000 630,000 Expected production Direct labor hours required Hazardous waste disposed. Chairs 211,000 units 254,000 DLH 200 pounds Tables 17,000 units 16,400 DLH 800 pounds Required 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using a single plantwide overhead rate based on direct labor hours. 2. Determine hazardous waste disposal costs per unit for chairs and for tables if costs are assigned based on the number of pounds disposed of. Check (2) Tables, $29.65 per unit 3. Which method is better for assigning costs to each product? Explain. Exercise 17-16 Calculated As: $ / DLH - $ per DLH 1. Overhead rate: Chairs: DLH x $ perDLH $/#units = $ per unit Tables: DLH x S perDLH $ / #units - $ per unit 2. Overhead rate: S/ #setups = $ per setup Chairs: Sper setup x S setups $ / units = $ per unit Tables Sper setup x S setups $ / #units = $ per unit 3. Type your analysis here