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: Direct naterials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Rascon $ 13.00 $2.90 Parcel $7.00 $ 3.60 0.40 0.45 12,000 47,000 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 $519,000. 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: Engineering design time (in hours) Rascon 4,700 Parcel 4,700 Total 9,400 Compute the unit product costs for the two products using the proposed activity-based absorption costing system.