Philip Company produces mathematical and financial calculators and operates at capacity. Data Requirements related to the two products follows EE (Cick the icon to view the data.) Total manufacturing overhead costs are: 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead oost per unit for each product. 2. Compute the manufacturing cost per unit for each product 3. How might Philip's managers use the new cost information from its activity-based costing Total system to better manage its business? Machining costs Setup costs Inspection costs 360,000 108,000 102,000 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 Activity Cost driver Rate Set up Philip Company produces mathematical and financial calculators and operates at capacity. Data Requirements related to the two products follows EE (Cick the icon to view the data.) Total manufacturing overhead costs are: 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead oost per unit for each product. 2. Compute the manufacturing cost per unit for each product 3. How might Philip's managers use the new cost information from its activity-based costing Total system to better manage its business? Machining costs Setup costs Inspection costs 360,000 108,000 102,000 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 Activity Cost driver Rate Set up