Exercise 7-1 Sheridan 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. Sheridan currently allocates overhead to the books based on direct labor hours. A recent activity analysis conducted by the controller revealed the following information. Standard Deluxe Edition Units produced Direct labor hours Printing press hours Sales orders Edition 485,000 12,000 37,200 2,880 14,550 13,200 485,000 116,400 (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 i. Printing press hours per unit ii. Sales orders per unit DLH/unit PPH/unit order/unit DLH/unit PPH/ unit order/unit LINK TO TEXT LINK TO VIDEO