Required information Problem 9.63 and 9.64 (Static) [The following information applies to the questions displsyed below] Lauder Company manufactures and distributes various fixtures used primariy in new bulding construction. At the company/s Bayside plant, Lauder produces two models of one widely used fixture designated by model names LC-2O and LC.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 recenty been considering updates to the company's costing systems as a way to ensure that managers had the best information available for decision making. However, rather than update throughout the entre 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 on ABC system and compare the product cests with those reported by the current system, Based on the experiment, the executives of Lauder will decide whether to roll out the new cost system to the entire company. The study team identified four cost poels into which the manufacturing overhead costs could be grouped. There was a great deal of discussion about both the pools and the cost divers. The finol system selected consisted of the following pools and drvers. 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 ot the Bayside plant is paid $35 per hour. Complete this questien by entering your answers in the tabs below. What unit product costs witl be reported for the two products in the coming vear if the current cost system continues to be ised? Note: Enter unit cost ameunts to 2 dedmals. Complete this question by entering your answers in the tabs below. The intern suggests an ABC system using the cost divers identified abeve. What unit procuct costs will be reperted for the two products if the ABC system is used? Note: Do not round intermediate calculabona