2. The Tiger Company manufactures two products: KAPI, which sells for $ 120 and QUEN, which sells for $220. Estimated costs and productions data for the current year are as follows: KAPI QUEN -Direct material $ 30 $ 45 - Direct labor ($ 12/hr.) $ 24 $ 60 -Estimated production unit 25,000 15,000 In addition, fixed manufacturing overhead is estimated to be $ 2,000,000 and variable overhead is estimated to equal $ 3 per Laboure hour. Tiger Company's manager decides to perform an activity analysis of fixed overhead. The results of the analysis are as follows: Activity Costs Driver Demand(K Demand(Q ) ) 100 400 Machine set-ups Purchase order $ 400,000 $ 600,000 No. of set-ups No. of order 200 100 2 | CODE: M B 5 0 5 Machining $ 500,000 2000 6000 No. of Machine hrs. No. of batches 50 30 Inspection Shipping to customer $ 200,000 $ 300,000 No. of shipments 300 200 Total fixed overhead $ 2,000,00 0 Required: Estimate the total production cost per unit of each product if activity-based costing used for assigning fixed overhead costs. (20 Marks)