2. Management is considering using ABC to apply overhead cost to products for external financial reports. Some preliminary work has been done, and the data that have been collected are displayed below. Using these data, calculate the predetermined overhead rate for each activity cost pool identified below: (Round your answers to 2 decimal places.) Activity Measures Estimated Total Overhead Costs Indoor Banners Outdoor Banners Total Order processing (orders received) $ 300,000 500 500 1,000 Print setup (number of batches) 100,000 800 200 1,000 Artwork and graphic design (labour-hours) 700,000 7,000 7,000 14,000 Quality control (number of inspections) 100,000 400 400 800 Total overhead cost $ 1,200,000 3. Using the predetermined manufacturing overhead rates that you computed in (2) above, do the following: a. Determine the total amount of manufacturing overhead cost that would be applied to each product using the ABC system. After you have computed these totals, determine the amount of overhead cost per unit of each product. b. Compute the unit product cost of each product. (Round your answers to 2 decimal places.)