E12.17 (LO 1) Lovitz Company is planning to produce 2,000units of a product in 2022. Each unit requires 3 kg of materials at$5 per kilogram and a half hour of labour at $15 per hour. Theoverhead ra E12.17 (LO 1) Lovitz Company is planning to produce 2,000 units of a product in 2022. Each unit requires \( 3 \mathrm{~kg} \) of materials at \( \$ 5 \) per kilogram and a half hour of labour at \( \$ 2 answers