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Kitchen King's director of cost management, Angela Ramirez, had been thinking for some time about a refinement in the Toledo plant's product-costing system. Ramirez wondered if the traditional, volume-based system was providing management with accurate data about product costs. She had read about activity-based costing, and wondered if ABC would be an improvement to the plant's product-costing system. After some discussion, an ABC proposal was made to the company's top management, and approval was obtained. The data collected for the new ABC system is displayed in the following table 2 0 0 Facility 575,000 Machine Hours REG ADV GMT Total 50,000 48,000 17,000 115,000 4. Complete the table given below to compare the overhead cost, total product cost, and target price for each product line under the two alternative costing systems. (Round your intermediate calculations and final answers to 2 decimal places.) REGADV GMT Reported unit overhead cost Traditional, volume-based costing system Activity-based costing system Reported unit product cost (direct material, direct labor and overhead) Traditional, volume-based costing system Activity-based costing system Sales price data Original target price (Based on traditional, volume-based costing system) New target price (Based activity-based costing system) Actual current selling price 5. Was each of Kitchen King's three product lines overcosted or undercosted? By how much per unit? (Round your intermediate calculations and final answers to 2 decimal places.) REG per unit per unit per unit GMT

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