1) Parker Company produces mathematical and financial calculators and operates at capacity. Data related to the two products are presented here: Mathematical Financial Annual production in units 50,000 100,000 Direct material costs $150,000 $300,000 Direct manufacturing labor costs $ 50,000 $100,000 Direct manufacturing labor-hours 2,500 5,000 Machine-hours 25,000 50,000 Number of production runs 50 50 Inspection hours 1,000 500 Total manufacturing overhead costs are as follows: Machining costs Setup costs Inspection costs Total $375,000 120,000 105,000 Required: 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. 2. Compute the manufacturing cost per unit for each product