Required Information Problem 9-63 and 9-64 (Static) [The following information applles to the questions displayed below] Lauder Company manufactures and distributes various fixtures used primarly in new buliding construction. At the company's Bayside plant, Lauder produces two models of one widely used fixture designated by model names LC-20 and tC.50. Currently, the Bayside plant uses direct labor-hours to allocate manufacturing overhead costs to products. The vice president-manufacturing (VP.M) at Lauder has recently been considering updates to the company's costing systems as a way to ensure that managers had the best information avallable for decision making. However, rather than update throughout the entire firm, the VP-M and CFO agreed to test an ABC system. Because of its size and focus, the Bayside plant was selected for the experiment. An ABC study team, consisting of both plant and corporate employees was formed to propose an ABC system and compare the product costs with those reported by the current system. Based on the experiment, the executives at Lauder will decide whether to roll out the new cost system to the entire company. The study team idenvifed four cost pools into which the manufacturing overhead costs could be grouped. There was a grept deal of discussion about both the pools and the cost drivers. The final system selected consisted of the following poots and divers. The costs were based on the forecasts for the coming year. Data for production of the two products at the Bayside plant for the coming year of operations follows: All direct labor at the Bayside plant is pald $35 per hour Problem 9-63 (Stotic) Activity-Bosed Costing ond Predetermined Overhead Rates (LO 9-3, 5, 6) Problem 9-63 (Static) Activity-Based Costing and Predetermined Overhead Rotes (LO 9-3, 5, 6) Required: a. What unit product costs will be reponted for the two products in the comang year if the current cost system continues to be used? b. What unit procuct costs Will be reported for the two products If the ABC system is used? Complete this question by entering your answers in the tabs below. What unit product costs wall be reported for the two products in the coming year if the current cost system continues to be used? Mole: Enter unit cost emounts to 2 decimals