Chairs company manufactures two tvpes of chairs, Advanced and Small, and applies manufacturing overhead to all units at the rate of $120 per machine hour. Production information follows: Simple Chair Advanced Chair Direct material cost $52.50 590 Direct labour cost $30.00 $30 Budgeted volume [units] 8,000 15,000 YOU determined that the firm's overhead can be identified I.vith three activities: Simple Chair Advanced Chair Total Setups [50} 50 30 80 Machine hours [NIH] 16,000 22,500 38,500 Outgoing shipment [I05] 100 15 1?5 The total cost for each activitlll were: setups [su} $1,003,000 Machine hours [NIH] $2,??2,000 Outgoing shipment [I05] $840,000 Calculate the unit manufacturing cost of Simple and Advanced chairs using ActivityBased Costing