Hall, Incorporated manufactures two components, Standard and Uitra, that are designed for the same function, but are made of different metals for operational performance reasons. The metal used in Standard is easy to work with and there are few quality issues or reworking required on the machines. The metal used in Uitrs is more difficult to work with and often needs additional machine time and rework. Data on expected operations and direct costs for the next fiscal year follow: The planning process team at Hall, incorporated has estimatod the following manufocturing overhead costs for the next fiscal year: The cost accounting system ot Hall, incorporated calculatef product costs by adding allocated overhead to the direct costs of the product. Overhead costs ore allocated based on divect labonhours. Required: a. Compute the estimated per unit produtt costs for the next fiscal yeat, bosed on the current cost accounting system. b. An analyst on the planning process team suggests that a two stage system would improve the estimated product costs. The analyst suggests that overhead be firt ossigned to on one of two cost pools. Machine related and labor retated, Machine-related overhead consists of the occounts 'Engineering' and 'Mechine oporation and maintenance 'Labos reloted overhiend consists of the temaining manufacturing overthosd. Mochine-related costs would be allocated based on machine hours. Labor-related overhead would be allocated bosed on direct iabor cost Compute the estimoted per unit product costs for the next fiscal yeak, based on the syntem proposed by the analyst