Ace'It Corporation (ACET) manufactures two products, Product DAC and Product DIB. Overhead is currently assigned to the products on the basis of direct-labour-hours. The company estimated it would incur $450,000 in manufacturing overhead costs. Production information are as follows: The company is considering adopting an activity-based costing system and has embarked on an information gathering exercise. It is found that overhead costs can be attributed to four major activities. These activities and the amount of overhead cost attributable to each for the current year are given below: Required: (Note: Round your answers to 2 decimal places) (a) Compute the predetermined overhead rate under the current costing method and determine the unit product cost of each product for the current year. ( 8 marks) (b) Determine the unit product cost of each product for the current year, using the activity-based costing approach. (12 marks)