Harrison Company makes two products and uses a traditional costing system in which a single plantwide predetermined overhead rate is computed based on direct tabor-hours. Data for the two products for the upcoming year follow Rascon Parcel Direct materials cost per unit $11.00 $6.00 Direct labor cost per unit $ 2.50 3.70 Direct labor-hours per unit .20 .25 Number of units produced 12.000 48,000 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 $388,800. 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 Total Engineering design time (in hours) Rascon Parcel 4,100 8,200 Compute the unit product costs for the two products using the proposed activity-based absorption costing system Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. eturn to question 1. The company's manufacturing overhead costs for the year are expected to be $388,800. Using the company's traditional casting 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: Rascon Parcel Total Engineering design time (in hours) 4,100 8,280 4,100 Compute the unit product costs for the two products using the proposed activity-based absorption costing system. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Rascon Parcel Unit product 13.50 $ 4.05 cost