Problem 24-4 Activity-Based Absorption Costing as an Alternative to Traditional Product Costing (LO2- 5] Ellix Company manufactures two models of ultra-high fidelity speakers-the X200 model and the X99 model. Data regarding the two products follow: Product X200 X99 Direct Labor-Hours 0.4 DLHS per unit 0.6 DLHS per unit Annual Production 23,000 units 41,000 units Total Direct Labor-Hours 9,200 DLHS 24,600 DLHS 33,800 DLHs Additional information about the company follows: a. Model X200 requires $44 in direct materials per unit, and model X99 requires $34. b. The direct labor workers are paid $20 per hour. C. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products. d. Model X200 is more complex to manufacture than model X99 and requires the use of special equipment. e. Because of the special work required in (d) above, the company is considering the use of activity-based absorption costing to apply manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Estimated Total Activity X99 120 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Estimated Total Cost $ 150,000 392,200 1,014,000 $ 1,556,200 X200 80 1,060 9,200 Total 200 1,060 33,800 24,600 Required: 1. Assume that the company continues to use direct labor-hours as the base for applying overhead cost to products. a. Compute the plantwide predetermined overhead rate. b. Compute the unit product cost of each model. 2. Assume that the company decides to use activity-based absorption costing to apply overhead cost to products. a. Compute the activity rate for each activity cost pool and determine the amount of overhead cost that would be applied to each model using the activity-based approach. b. Compute the unit product cost of each model. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 2A Part 1 Reg 2A Part 2 RA Req 2B Assume that the company continues to use direct labor-hours as the base for applying overhead cost to products. Compute the plantwide predetermined overhead rate. (Round the final answer to nearest whole number.) Predetermined overhead rate per DLH Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Part 1 Req 2A Part 2 Req 2B Assume that the company decides to use activity-based absorption costing to apply over activity rate for each activity cost pool. Activity Cost Pool Activity Rate per setup Machine setups Special processing General factory per MH per DLH Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Part 1 Req 2A Part 2 ces Req 2B Assume that the company decides to use activity-based absorption costing to apply overhe amount of overhead cost that would be applied to each model using the activity-based app unit" answers to 2 decimal places.) Model X200 Model X99 Total overhead cost Overhead cost per unit Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Part 1 Req 2A Part 2 Req 2B Assume that the company decides to use activity-based absorption costing to app unit product cost of each model. (Round your intermediate calculations and final Unit product cost of Model X200 Unit product cost of Model X99