Contrast hetivity-Sased Costing and Conventional Product Costs Ellix Company manufactures two models of ultra-high fidelity speakers, the X200 model and the X.99 model. Data tegarding the two products follow: Additional information about the company follows: a. Model X200 requires $72 in direct materials per unit, and model X99 requires $50. b. The direct labor. Wage rate is $10 per hour. c. The company bas always used direct labor-hours as the base for applying manufacturing overhead cost to prducts. d. Model X200 is more complex to manufacture than model X99 and requires the use of special equipment Consequently, the company is considering the use of activity-based costing to apply manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Alequired: 1. Assume that the company continues to use direct labor-hours as the base for applying overhead cost to products. a. Compute the predetemined overhead rate. b. Compute the unit product cost of each model. 2. Assume that the company decides to use activity-based costing to apply manufacturing overhead cost to products. a. Compute the predetermined overhead rate for each activity cost poo' and determine the amount of overhead cost that would be applied to each model using the activity-based costing system. b. Compute the unit product cost of each model. besed costing