Peter Company produces mathematical and financial calculators and operates at capacity. Data related to the two products follows. :: (Click the icon to view the data.) Total manufacturing overhead costs are: (Click the icon to view the overhead costs.) Requirements 1. Choose cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. 2. Compute the manufacturing cost per unit for each product. 3. How might Peter's managers use the new cost information from its activity-based costing system to better manage its business? Requirement 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. Begin by choosing a cost driver for each overhead cost pool. Data Table - X Cost driver Rate Activity Machining Machine-hours Set up Production runs Mathematical Financial Inspection Inspection-hours 100,000 50,000 150,000 $ $ 300,000 Data Table $ 100,000 $ 200,000 Annual production in units Direct materials cost Direct manufacturing labor cost Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours 2,000 4,000 25,000 40,000 40 40 Total 325,000 $ 800 400 Machining costs Setup costs Inspection costs 96,000 84.000 Print Done Print Done