ProPats manufactures three souvenir products and has the following direct costs for producing three 1,000-unit batches of each product Hats Shuts Banners Direct Material $5,000 $5,000 $5,000 Direct Labor $1,000 $1,000 $1,000 Overhead costs are estimated to be $3,000 and are to be allocated using a single rate based on direct labor cost which is estimated to also be $3,000. However a new machine that is to be used in the production of only hats is acquired. It is anticipated that this acquisition will increase ovehead by $500 (i.e., annual depreciation) but will reduce direct labor cost for that product by $500. Assume initially that the $500 of additional overhead is simply included in the total overhead cost pool rather than being traced to product X. What is the unit cost of producing a banner? ProPats manufactures three souvenir products and has the following direct costs for producing three 1,000-unit batches of each product Hats Shuts Banners Direct Material $5,000 $5,000 $5,000 Direct Labor $1,000 $1,000 $1,000 Overhead costs are estimated to be $3,000 and are to be allocated using a single rate based on direct labor cost which is estimated to also be $3,000. However a new machine that is to be used in the production of only hats is acquired. It is anticipated that this acquisition will increase ovehead by $500 (i.e., annual depreciation) but will reduce direct labor cost for that product by $500. Assume initially that the $500 of additional overhead is simply included in the total overhead cost pool rather than being traced to product X. What is the unit cost of producing a banner