Use the following information to answer Problems below:
Old'n'New (ON) is a well-established manufacturing company that produces vintage furniture. ON has used direct labor hours as the basis for allocating company-wide overhead for many years. However, given recent investments in manufacturing technologies, management feels that ABC costing would perhaps provide a more accurate assessment of the true price of the goods produced. The following costs have been accumulated and corresponding drivers measured:
Additionally, the following information is available relative to production levels:
-Calculate the per-unit overhead allocated to a table and to a chair produced by ON this period? (Note: do not round intermediate calculations, round per-unit costs to the nearest cent.)
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