Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter Direct materials Direct labor Manufacturing overhead First SecondThird Fourth $ 320,000 $160,000 $ 80,000 $240,000 80,000 40,000 20,000 60,000 230,000 206,000 194,000 Total manufacturing costs (a) $630,000 $406,000 294,000 $? Number of units to be produced (b) Estimated unit product cost (a + b) 80,000 40,000 20,000 60,000 $ 7.88 $ 10.15 $ 14.70 $? Managemer finds the variation in quarterly unit product costs to be confusing and difficult to work with. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product. Required: 1-a. Using the high-low method, estimate the fixed manufacturing overhead cost per quarter and the variable manufacturing overhead cost per unit. (Round the "Variable manufacturing overhead per unit" to 2 decimal places.) Fixed manufacturing overhead cost Variable manufacturing overhead per quarter per unit