Questions 1-5 are based on the following: Fox Corp, manufactures two products, BASICM and GRANDM. Manufacturing overhead is currently being applied on the basis of direct labor hours. Owl gathers some activity information and is interested in implementing an activity-based costing system. The overhead cost pools and activity drivers are as follows: Activity Driver Overhead Costs Activity $840,000 Machine hours Machining # batches Warehousing $510,000 Total overhead costs $1,350,000 Other product information is as follows: Total overhead Other product information is as follows: GRANDM BASICM 15,000 30,000 Units produced Direct material cost per unit $80 $125 Direct labor cost per unit $10 $30 batches 1,000 1,000 Direct labor hours 30,000 45,000 Machine hours 45,000 60,000 Qures 2 pts Question 1 Using the traditional method, how much overhead costs would be applied to GRANDM 450.000 51.350.000 5810,000 D Question 2 2 pts Using the traditional method, what is the cost per unit for BASICM? 518 $90 5108 Question 3 Using the ABC method, what is the overhead rate for Machining? 5160 per machine hour $8 per machine hour $18.67 per machine hour $100 per machine hour D Question 4 2 pts Using the ABC method, how much overhead costs would be applied to GRANDM? $810,000 $735.000 5510.000 $990.000 Question 5 Using the ABC method, what is the cost per unit for GRANDM? $189 $221 $209 $204