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The Toy Story Corporation has been contracted to manufacture two products for the Disney Resorts globally, the Wood model and the Buzz Lightyear model. The Toy Story Corporation has been making the Woody model for many years an it is a much less complex product to make. However, they only recently started making the Buzz Lightyear model, and is much more complex with additional components. As such, the Buzz Lightyear model requires 1.5 hours per unit of direct labour time to manufacture, whereas the Woody model only requires 45 minutes (0.75 hours) per unit. Today, the Toy Story Corporation assigns overhead on the basis of direct labour hours. They estimate that they will incur a total of $650,XXX in manufacturing overhead costs and produce 25,000 units of the Buzz Lightyear model and 55,000 units of the Woody model this fiscal year. The per unit costs for materials and direct labour are: Woody Buzz Direct material 15.00 $ 19.80 Direct labour LA 11.25 $ 22.50 REQUIRED: a. Compute the predetermined overhead rate under the current method of allocation and determine the unit product cost of each product for the current year. (8 marks)b. The company's overhead costs can be attributed to four major activities. These activities and the amount of overhead cost attributable to each for the current year are given below: Expected Activity Estimated Overhead Activity Cost Pools Woody Buzz Total Costs Production run setup 250,000 750 1,250 2,000 Purchase orders issued 55,760 475 150 625 Assembly and packaging 127,880 4,500 9,575 4,075 Warranty requests 65,350 990 1,560 2,550 498,990 Using the data you were provided with, determine the unit product cost per product using the Activity-Based Costing method. (20 marks) NOTE: For any numbers ending in XXX, use the last THREE (3) digits of your Student ID. For example, if your Student ID is T123456, you would change the last three numbers to 456. NOTE re. ROUNDING: Round any calculations to two decimal places. A BI U X2 X2 EE I C 3/>