Please show all work!

Michelson Manufacturing Company manufactures two products: Drivers and Recovery Woods. In the current year the company has decided to switch to activity based costing to determine their product costs. During June, 250 drivers and 350 recovery woods were produced and overhead costs of $64,000 were estimated. Other costs are as followed: Drivers Recovery Woods Direct Materials $15 $12 Direct labor 3 hours 2 hours Direct labor rate $12 per hour $12 per hour Selling price $250 $185 The following information related to overhead costs was available: Activity Cost Driver Total Cost Materials handling Number of requisitions $24,000 Machine setups Number of setups 22,000 Quality inspections Number of inspections 18,000 The cost driver volume for each product was as follows: Cost Driver Drivers Recovery Woods Number of requisitions 300 450 Number of setups 110 140 Number of inspections 190 210 Required: You must show all work to get any credit. a. Compute the overhead rate for each activity. b. Assign the manufacturing overhead costs for June to the two products using activity-based costing. c. How much overhead would be assigned to one driver and one recovery wood? (Round answer to two decimal places.) d. Calculate the total unit cost for one driver and one recover wood and gross profit for one driver and one recovery wood. e. When a company switches from traditional costing to activity based costing what is the likely effect on unit cost of low-volume products and why? f. What is the effect on the overall net income when a company switches to activity based costing