Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. These products are customized to some degree for specific customers. Data for the two products for the upcoming year follow Direct naterials cost per unit Direct labour cost per unit Direct labour-hours per unit Number of units produced Rascon Parcel $ 29.60 $ 23.00 $ 14.70 $ 4.20 0.70 0.40 29,080 120,000 Required: 1. The company's manufacturing overhead costs for the year are expected to be $861,000. Using the company's traditional costing system, compute the unit product costs for the two products. (Do not round intermediate calculations and round your final answers to 2 decimal places.) Rascon Parcel Unit product cost 2. Management is considering an ABC system in which half of the overhead would continue to be allocated on the basis of direct labour-hours and half would be allocated on the basis of engineering design time. This time is expected to be distributed as follows during the upcoming year. Engineering design tine (in hours) Rascon Parcel 5,400 2,700 Total 8,100 Compute the unit product costs for the two products using the proposed ABC system. (Do not round intermediate calculations and round your final answers to 2 decimal places.) Rascon Parcel Unit product cost Klumper Corporation is a diversified manufacturer of industrial goods. The company's ABC system has the following six activity cost pools and activity rates Activity Cost Pool Labour related Machine related Machine setups Production orders Shipments General factory Activity Rates $ 18.88 per direct labour-hour 18.00 per machine-hour 50.00 per setup 120.00 per order 18.00 per shipment 38.08 per direct labour-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labour cost per unit Number of units produced per year K425 M67 $126.00 $212.00 $ 11.50 $ 7.20 400 4,000 Direct labour-hours Machine-hours Machine setups Production orders Shipments Total Expected Activity K425 M67 160 1,000 200 3,000 3 6 3 6 3 20 Required: Compute the unit product cost of each of the products listed above. (Round your answers to 2 decimal places.) K425 M67 Unit product cost