Jacarda Company makes a composting bin that is subject to wide seasonal variations in demand. Unit product costs are computed on a quarterly basis by dividing each quarter's manufacturing costs (materials, labour, and overheac) by the quarter's production in units. The company's estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $386,400 $193,200 $ 96,600 $289,800 Direct labour Manufacturing 193,200 96,600 48,300 144,900 262,200 234,600 220,800 248,400 841,800 $524,400 $365,700 $683,100 23,000 69,000 $9.15 11.40$ 15.90$ 9.90 overhead Total manufacturing costs to be produced product cost Number of units 92,000 46,000 Estimated unit Management finds the variation in unit product costs to be confusing and difficult to work with. It has been suggested that the problem lies with manufacturing overhead, since it is the largest element of cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product. After some analysis, you have determined that the company's overhead costs are mostly fixed and therefore show little sensitivity to changes in the level of production. Required 1. Calculate the predetermined overhead rate based on units and direct labour? (Round your "per unit" answer to 2 decimal places.) Predetermined overhead rate-unit of per unit roduct Predetermined overhead rate-basis on direct labour cost 2. Recompute the company's unit product costs in accordance with your recommendations in (1) above. (Round your answers to 2 decimal places.) Quarter First Second Third Fourth Estimated unit product cost