Huron Furniture is considering updating its cost system to an activity-based costing system and is interested in understanding the effects. The company's cost accountant has identified three overhead cost ols along with appropriate cost drivers for each pool Activity Drivers 58,000 machine-hours Cost Pools Utilities Scheduling and setup Material handling $290,000 301,600 632,000 580 setups 1,580,000 pounds of material The company manufactures three models of tables (oval, round, and square). The plans for production for the next year and the budgeted direct costs and activity by product line are as follows Products Square 70,000 22,000 220 820,000 4,900 6,300 Oval Round Total direct costs (material and labor) $ 90,000 $ 80,000 8,000 280 250,000 1,600 2,000 Total machine-hours Total number of setups Total pounds of material Total direct labor-hours Number of units produced 28,000 80 510,000 3,200 3,900 Required (a) The current cost accounting system charges overhead to products based on direct labor-hours. What unit product costs will be reported for the three products if the current cost system continues to be used?(Do not round intermediate calculations. Round your final answers to nearest dollar amount. Omit the "$" sign in your response.) Product Oval Round Square Unit cost (c) What are the cost driver rates for the three cost pools identified by the cost accountant? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Utilities Scheduling and setup S Material handling per machine-hour per setup per pound (d) What unit product costs will be reported for the three products if the ABC system suggested by the cost accountant's classification of cost pools is used? (Do not round your intermediate calculations. Round your final answers to 2 decimal places. Omit the "$" sign in your response.) Product Oval Round Square Unit cost (e) If management should decide to implement an activity-based costing system, what benefits should it expect