Harrison company makes two products and uses a traditional costing system in which a single plantwide predetermined. Overhead rate is computed based on direct labor hours. Data for the two products for the upcoming year follow in picture one.

NEED UNIT PRODUCT COST using TRADITIONAL and ACTIVITY BASED COSTING techniques

Harrison Company makes two products and uses a traditional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: These products are customized to some degree for specific customers. Required: 1. The company's manufacturing overhead costs for the year are expected to be $281,400. Using the company's traditional costing system, compute the unit product costs for the two products. 2. Management is considering an activity-based absorption costing system in which half of the overhead would continue to be allocated based on direct labor-hours and half would be allocated based on engineering design time. This time is expected to be distributed as follows during the upcoming year: Compute the unit product costs for the two products using the proposed activity-based absorption costing system. The company's manufacturing overhead costs for the year are expected to be $281,400. Using the company's traditional costing system, compute the unit product costs for the two products. (Round your intermediate calculations and final answers to 2 decimal places.) Compute the unit product costs for the two products using the proposed activity-based absorption costing system. (Round your intermediate calculations and final answers to 2 decimal places.)