Michael & Co. expects overhead costs of $15,500 per month and direct production costs of $31 per unit. The estimated production activity for the current accounting period is as follows: Units produced 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 10,600 5,000 5,900 9,500 The predetermined overhead rate based on units produced is (Round your answer to the nearest penny): Multiple Choice $6.00 per unit. $2.00 per unit. $37.00 per unit. $0.50 per unit.