A lumber mill bought a shipment of logs for $44,000. When cut, the logs produced 1,000,000 board feet of lumber in the following grades. Compute the cost to be allocated to Type 1 and Type 2 lumber, respectively, if the value basis is used. (Do not round your intermediate calculations.) Type 1 - 400,000 board feet priced to sell at $0.12 per board foot Type 2 - 400,000 board feet priced to sell at $0.06 per board foot Type 3 - 200,000 board feet priced to sell at $0.04 per board foot Multiple Choice $24,000; $8,000. $26,400; $13,200. $44,000; $24,000. $10,944,$4,400. $16,000; $16,000. 25 2 points Given the following data, calculate product cost per unit under absorption costing. Direct labor Direct materials Variable overhead Fixed overhead Units produced per year 02:02:53) $ 9.00 per unit $ 3.00 per unit $ 0.60 per unit $ 92,000 42,000 units Multiple Choice $12.00 per unit $14.19 per unit $14.79 per unit $12.52 per unit $16.00 per unit