Problem 6-67 (Algo) Two-Stage Allocation and Product Costing ( LO 6-2, 3) Hall, Incorporated manufactures two components, Standard and Uitra, that are designed for the same function, but are made of different metals for operational performance reasons. The metal used in Standard is easy to work with and there are few quality issues or reworking required on the machines. The metal used in Uitra is more difficult to work with and often needs additional machine time and rework. Data on expected operations and direct costs for the next fiscal year follow: The planning process team at Hall, Incorporated has estimated the following manufacturing overhead costs for the next fiscal year: The cost accounting system at Hall, Incorporated calculates product costs by adding allocated overhead to the direct costs of the product. Overhead costs are allocated based on direct labor-hours. Complete this question by entering your answers in the tabs below. Compute the estimated per unit product costs for the next fiscal year, based on the current cost accounting system. Complete this question by entering your answers in the tabs below. An anblyst on the planning process teath suggests that a two-stage system would improve the estimated product costs. The ahalyst suggests that overhead be first assigned to on one of two cost pools: Machine related and labor related. Machinereisted bverhesb consists of the accounts "Engineerling" and "Machine operation and mainterance. "Labor-related overhead consists of the remaining manufacturing overhead. Machihe-related costs would be allocated based on machine-hours. LaborTeloted ovehesd would be tllocated besed on direct labor cost. Compute the estimated per unit produet costs for the next fiscal yeat, based on the system proposed by the analyst. Note: bo not round your litermediate calculations. Round your final answers to 2 decimal places