Michael & Co. expects overhead costs of $19,000 per month and direct production costs of $24 per unit. The estimated production activity for the current accounting period is as follows: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Units produced 11,300 8,700 8,000 10,000 The predetermined overhead rate based on units produced is (Round your answer to the nearest penny): Multiple Choice $30.00 per unit. $2.00 per unit. $0.50 per unit. $6.00 per unit.