Question 29 7.14 pts ABC Company has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHS). The company has two products, R78 and R80, about which it has provided the following data: R78 R80 Direct materials per unit $27.20 $54.70 Direct labor per unit $8.80 $22.00 Direct labor-hours per unit 0.4 1.0 Annual production (units) 35,000 10,000 The company's estimated total manufacturing overhead for the year is $1,427,040 and the company's estimated total direct labor-hours for the year is 24,000. The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below: