Required information Problem 4-17 Contrast Activity-Based Costing and Conventional Product Costing LO4-2, LO4-3, LO4-4] The following information applies to the questions displayed below.] Puget World, Inc., manufactures two models of television sets, the N 800 XL model and the N 500 model. Data regarding the two products follow: Direct Labor- Annual Production 2,000 units 15,000 units Total Direct Labor-Hours 6,000 21,000 27,000 Hours per Unit 3.0 Model N 800 XL Model N 500 Additional information about the company follows a. Model N 800 XL requires $80 in direct materials per unit, and Model N 500 requires $35 b. The direct labor wage rate is $23 per hour. c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products d. Model N 800 XL is more complex to manufacture than Model N 500 and requires the use of special equipment. Consequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost to products. Three activity cost pools have been identified as follows Activity Measure Estimated Activity cost Pool Machine setups Special processing General factory Number of setups Machine-hours Direct labor-hours Overhead Cost $ 460,000 215,000 1,485,000 2,160,000 Activity Model N 500 Ex Activity Measure Number of setups Machine-hours Direct labor-hours Model N 800 XL Total 400 20,000 27,000 100 300 20,000 6,000 21,000 Problem 4-17 Part 1 Required: 1. Assume that the company continues to use direct labor-hours as the base for applying overhead cost to products a. Compute the predetermined overhead rate b. Compute the unit product cost of each model Complete this question by entering your answers in the tabs below Req 1A Req 1B Assume that the company continues to use direct labor-hours as the base for applying overhead cost to products. Compute the predetermined overhead rate. (Round your answer to 2 decimal places.) edetermined overhead rate per DLH Req 1A Req 1B>