Ellix Company manufactures two models of ultra-high fidelity speakersthe X200 model and the X99 model. Data regarding the two products follow: Product Direct Labor-Hours Annual Production Total Direct Labor-Hours X200 0.3 DLHs per unit 24,000 units 7,200 DLHs X99 0.5 DLHs per unit 36,000 units 18,000 DLHs 25,200 DLHs Additional information about the company follows: Model X200 requires $36 in direct materials per unit, and model X99 requires $34. The direct labor workers are paid $50 per hour. The company has always used direct labor-hours as the allocation base for applying manufacturing overhead cost to products. Model X200 is more complex to manufacture than model X99 and requires the use of special equipment. Because of the special work required in (d) above, the company is considering the use of activity-based absorption costing to apply manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Activity Cost Pool Activity Measure Estimated Total Cost Estimated Total Activity X200 X99 Total Machine setups Number of setups $ 151,200 84 126 210 Special processing Machine-hours 323,400 980 0 980 General factory Direct labor-hours 1,260,000 7,200 18,000 25,200 $ 1,734,600 Required: 1. Assume that the company continues to use direct labor-hours as the allocation base for applying overhead cost to products. a. Compute the plantwide predetermined overhead rate. b. Compute the unit product cost of each model. 2. Assume that the company decides to use activity-based absorption costing to apply overhead cost to products. a. Compute the activity rate for each activity cost pool and determine the amount of overhead cost that would be applied to each model using the activity-based approach. b. Compute the unit product cost of each model.