Question 1 Waterway is an electronics components manufacturer. Information about the company's two products follows: an AM-2 FM-9 Units produced 24,500 2,340 Direct labor hours required for production 29,000 28,000 Units per batch 5,000 60 Shipping weight per unit 0.50 lbs. 4 lbs. The company incurs $1,676,293 in overhead per year and has traditionally applied overhead on the basis of direct labor hours. (i) How much overhead will be allocated to each product using the traditional direct labor hours allocation base? (Round per unit rates to 2 decimal places, e answers to o decimal places, eg, 45,000.) AM-2 FM-9 overhead allocated to each product $ (ii) what overhead cost per unit will be allocated to each product? (Round answers to 2 decimal places, eg15.25) AM-2 FM-9 overhead cost per unit $ $