Please help:

Kingsport Containers. Ltd. of the Bahamas experiences wide variation in demand for the ZOOlitre steel drums it fabricates. The leakproof, rustproof steel drums have a variety of uses. from storing liquids and bulk materials to sewing as makeshift musical instruments. The drums are made to order and are painted according to the customer's specifications often in bright patterns and designs. The company is well known for the artwork that appears on its drums. Unit costs are computed on a quarterly basis by dividing each quarter's manufacturing costs (materials. labour. and overhead) by the quarter's production in units. The company's estimated costs, by quarter. for the coming year are as follows: Quarter First Second Third Fourth Direct materials $ 480.000 $ 240.000 $120,000 $380,000 Direct labour 128.000 64.000 32.000 88.000 Manufacturing overhead 300.000 220.000 180.000 260.000 Total manufacturing costs $ 808.000 $ 524.000 $ 331000 $ 718.000 Number (\"units to be 80.000 40.000 20.000 80.000 produced Estimated costperunit $ 11.35 $ 13.10 $ 16.60 $ 11.93 It has been suggested that the problem lies with manufacturing overhead, since it is the largest element of cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product. After some analysis, you have determined that the company's overhead costs are mostly fixed and therefore show little sensitivity to changes in the level of production. Required: 1. What would be the predetermined manufacturing overhead rate for the year on the basis of total units to be produced? (Round your answer to 2 decimal places.) Predetermined overhead rate per unit 2. Recompute the company's unit costs in accordance with your recommendations in part (1). (Round "Unit product cost" to 2 decimal places.) Quarter First Second Third Fourth Direct materials Direct labour Manufacturing overhead Total cost $ 0 $ 0 $ 0 $ 0 Number of units produced Unit product cost