Exercise 7-1 Concord is a book publisher that reissues old titles. The company offers these books with either a standard machine-glued hard cover or a deluxe, hand-embossed, hand-stitched, leather cover. Concord currently allocates overhead to the books based on direct labor hours. A recent activity analysis conducted by the controller revealed the following information Standard Delu xe Edition 11,000 526,900 37,400 1,870 19,160 12,100 Edition 479,000 Units produced Direct labor hours Printing press hours Sales orders 81,430 (a) Calculate the following for each product: (Round answers to 2 decimal places, e.g. 15.25.) Standard edition Deluxe edition i. Direct labor hours per unit ii. Printing press hours per unit iii. Sales orders per unit DLH/ unit PPH/unit order/unit DLH/unit PPH/unit order /unit