Question 2 FireOut Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (60,000 units), half-litre cylinder that holds 2.5 kilograms of multi-purpose dry chemical at 480 PSI (pounds per square inch). The commercial model is a low-volume (15,220 units), two-litre cylinder that holds 10 kilograms of multi-purpose dry chemical at 390 PSI. Both products require 1.25 hours of direct labour for completion. Therefore, total annual direct labour hours are 94,025 or [1.25 hrs. x (60,000+ 15,220)]. Estimated annual manufacturing overhead is $1,504,400. Thus, the predetermined overhead rate is $16.00 or ($1,504,400+ 94,025) per direct labour hour. The direct materials cost per unit is $19.00 for the home model and $26.46 for the commercial model. The direct labour cost is $19.20 per unit for both the home and commercial models. The company's managers identified six activity cost pools and related cost drivers, and estimated overhead by cost pool as follows: Estimated Estimated Use Overhead of Cost Drivers Estimated Use of Drivers by Product Home Commercial 123,000 Activity Cost Pools Cost Drivers Receiving Forming Klograms Machine hours $68,000 340,000 217,000 151,200 36,000 28,000 8,000 Assembling Number of parts 397,800 221,000 167,000 $4,000 Testing Number of tests 52,000 26,000 16,000 10,000 Painting Litres 53,400 6,000 4,000 2,000 Packing and shipping Kilograms 782,000 $1,504,400 340,000 217,000 123,000 Under traditional product costing, calculate the total unit cost of each product. Prepare a simple comparative schedule of the individual costs by product. (Round answers to 2 decimal places, e.g. 15.25.) Products Manufacturing Costs Home Model Commercial Model Direct materials Direct labour Overhead Total unit cost $