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Upriver Part5 manufactures two products. V1 and V2, at its River Plant. Selected data for an average month for the two products follow. Vl V-Z Units produced 16,666 1,666 Direct materials cost per unit 55 2 $ 4 Machine hours per unit 1 2 Production runs per month 86 46 Production at the plant is automated and an);r labor cost is included in overhead. Data on manufacturing overhead at the plant follow. Machine depreciation $ ?8,666 Setup labor 34,866 Material handling 17,?66 Total $136, 566 Required: a. Upriver currently applies overhead on the basis of machine hours. What is the predetermined overhead rate for the month? [Round your answer to 2 decimal places.) b. Upriver is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine hours for machine depreciation, production runs for setup labor, and direct material dollars for material handling. Compute the cost driver rates for the proposed system at Upriver. (Round "Machine depreciation' answer to 2 decimal places.) a. Overhead rate h, Machine depreciatlon Setup labor Material handling $ 10.88 per machine hour Required: a. Compute the unit costs for the two products V1 and V2 using the current costing system at Upriver (using machine hours as the allocation basis]. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. Compute the unit costs for the two products V1 and VZ using the proposed ABC system at Upriver. (Do not round intermediate calculations. Round your answers to 2 decimal places.) _ Using current costing system b. Using proposed ABC system