2. Mike Company produces mathematical and financial colors and operates al capacity You have available the following information for the year ended 31 December 2010 (22) mathematical financial cost Direct materials per unit 52.00 $2.50 Direct labour petit $3.00 SINO Setup cost 59,600 Inspection cost $34.000 Other information follow Allocation Base mathematical financial Total Machine Hours 100 220 1920 Number of batches 120 110 1140 Setup costs vary with the machine hours processed Inspection cost vary with the number of batches. Total units produced during the year: 5.000 mathematical and 7.000 financial (1) Calculate the overhead rate, the overhead cost and total cost per unit of mathematical and financial based on a single plantwide overhead role, if total overhead is allocated be direct labore (2+2+4marks marks) (2) Calculate the overhead rate, the Ol cost, and total cost per unit of mathematical and financial if the company allocates overhead costs using activity-based costing (44marks)