Practice Work (Extra Credit) Sched Help Save & EX su Check my wo Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line For the current period, the company reports the following data. Direct materials Direct labor Overhead (300% of direct labor cast) Total cost Quantity produced Average cost per ft. (rounded) Rounded Edge $ 19,000 12.2ee 36,600 $ 67, es 10,500 ft $ 6.46 Squared Edge $ 43,200 23,899 71,400 5138,400 14,100 ft $ 9.82 Total 5 62,200 36,000 183, Boa $206,200 Glassworks's controller wishes to apply activity based costing (ABC) to allocate the $108 000 of overhead costs incurred by the two product lines to see whether cost per foot would change markedly from that reported above. She has collected the following information Overhead Cost Category Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Total overhead Cost $ 5,40e 55,600 46,000 5100,00 She has also collected the following information about the cost drivers for each category (cost pool) and the amount of each driver used by the two product lines. (Round activity rate and cost per unit answers to 2 decimal places.) Usage ractice Work (Extra Credit Saved Help Save 8 CH hrhead Cost Category Activity Cost Pool) Supervision Depreciation of machinery Assembly line preparation Driver Direct labor cost (5) Machine hours Setups (number) Rounded Edge $12,280 500 hours 40 times Squared Edge $23,880 1,500 hours 210 times Total $36,000 2,eee hours 2se times Required: Activity Rate 1. Assign these three overhead cost pools to each of the two products using ABC. Activity Overhead Cost Activity Drivers Supervision Direct labor cost Depreciation of machinery Machine hours Assembly line preparation Setups % Rounded edge Activity rate Activity driver incurred Overhead assigned % Supervision Depreciation of machinery Assembly line preparation 0 0 Squared edge Activity rate Activity driver incurred Overhead assigned Components Help Save & E Check my Activity rate incurred Overhead assigned % Supervision Depreciation of machinery Assembly line preparation 0 10 Activity rate Activity driver incurred Overhead assigned Squared edge Components Supervision Depreciation of machinery Assembly line preparation % 0 0 0 2. Determine average cost per foot for each of the two products using ABC. Rounded edge Squared edge DLL