Altima Company uses an overhead costing system based on direct labor hours for its two products X and Y. The company is considering adopting an activity-based costing system, and collects the following information for the month of October: Product X Product Y Production units 20,000 2,000 Direct materials cost per unit $50 $40 Direct labor cost per hour $10 $10 Direct labor hours 34,000 6,000 Overhead Total Activity Consumption Overhead Cost Pool Cost Activity Product X Product Y Machine setup 60,000 1,000 setups 300 700 Engineering change order 40,000 100 orders 20 80 Facility rent 90,000 1,000 sq. ft. 300 700 REQUIRED 1. Compute the unit manufacturing cost of each product under a volume-based costing system based on direct labor hours 2. Compute the unit manufacturing cost of each product under the activity-based costing system