Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the companys two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, a new and improved version. Cost accountants at company headquarters have prepared costs for the two reels for the most recent period. The plant manager is concerned. The cost report does not coincide with her intuition about the relative costs of the two models. She has asked you to review the cost accounting and help her prepare a response to headquarters. Manufacturing overhead is currently assigned to products based on their direct labor costs. For the most recent month, manufacturing overhead was $316,800. During that time, the company produced 13,800 units of the M-008 and 2,400 units of the M-123. The direct costs of production were as follows: M-008 M-123 Total Direct materials $ 110,400 $ 96,000 $ 206,400 Direct labor 110,400 48,000 158,400 Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows: Activity Level Cost Driver Costs M-008 M-123 Total Number of machine-hours $ 143,800 4,800 2,600 7,400 Number of production runs 80,000 15 15 30 Number of inspections 93,000 15 45 60 Total overhead $ 316,800 Requirement 1: (a) How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? (The total of overhead allocated to each department may not be equal to total of overhead assigned to jobs. The minor difference is due to rounding.) (Round your intermediate calculations to two decimal places. Round your answers to the nearest whole dollar amount. Omit the "$" sign in your response.) M-008 M-123 Total overhead $ $ (b) What is the total cost per unit produced for each product? (Round your intermediate calculations to two decimal places. Round your answers to 2 decimal places. Omit the "$" sign in your response.) M-008 M-123 Total unit cost $ $ Requirement 2: (a) How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? (Do not round your intermediate calculations. Omit the "$" sign in your response.) M-008 M-123 Total overhead $ $ (b) What is the total cost per unit produced for each product? (Do not round your intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) M-008 M-123 Total unit cost $ $