Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the company's two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, 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 $303,200. During that time, the company produced 12,200 units of the M-008 and 2,700 units of the M-123. The direct costs of production were as follows: new and imperoved version. Cost accountants at company headquarters have -123 97,600 $108,000 $ 205,600 54,000 -008 Total Direct materials Direct labor 97,600 151,600 Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows: Activity Level M-008 M-123 Cost Driver Number of machine-hours Number of production runs Number of inspections Costs $141,200 71,000 91,000 Total 8.200 5,200 3,000 15 15 15 35 30 50 Total overhead $303,200 Required: (a) How much overhead will be assigned to each product if these three cost drivers are used to allocate veead a s the total cost per uni calculations and final answers to 2 decim for each product? (Round your intermediate M-008 M-123 Total overhead Total unit cost (b) How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What decimal places.) the total cost per unit produced for each product? (Round "Total unit cost" to 2 M-008 M-123 Total overhead Total unit cost