For many years, 'i'nomas L'ompany manutactured a smgle product called a LEUIU. then three years ago, the company automated a portion of its plant and at the same time introduced a second product called a LEC90 that has become increasingly popular. The LEC90 is a more complex product, requiring 0.80 hour of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC40 requires only 0.40 hour of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor hours. Despite the growing popularity of the company's new LECQD, profit has been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Material and labor costs per unit are as follows: LE C40 LEC90 Direct material 30.00 50.00 Direct labor 0.40 hour and 0.80 hour :1 15.00 Ier hour 6.00 12.00 Management estimates that the company will incur 912,000 in manufacturing overhead costs during the current year and l00,000 units of the LEC4J0 and 20,000 units of the LEC90 will be produced and sold. Required: a. Compute the predetermined manufacturing overhead rate assuming that the company continues to apply manufacturing overhead cost on the basis of direct labor hour. Using this rate and other data from the problem, determine the unit product cost for each product