Required information [The following information applies to the questions displayed below.) For many years, Yelena Company manufactured a single product called a Mono-Relay. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called a Bi-Relay that has become increasingly popular. The Bi-Relay is a more complex product, requiring 1.00 hour of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The Mono-Relay requires only 0.50 hour of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor-hours. Despite the growing popularity of the company's new Bi-Relay, profits have been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Materials and labor costs per unit are given below: Direct materials Direct labor (0.50 hour and 1.00 hour @ $11.00 per hour) Mono-Relay Bi-Relay $54.00 $69.00 $ 5.50 $ 11.00 Management estimates that the company will incur $666,240 in manufacturing overhead costs during the current year and 18,000 units of the Mono-Relay and 7,000 units of the Bi-Relay will be produced and sold. Required: -a. Compute the predetermined manufacturing overhead rate assuming that the company continues to apply manufacturing overhead cost on the basis of direct labor-hours. (Round your final answer to 2 decimal places.) Predetermined manufacturing overhead rate per DLH 1-b. Using this rate and other data from the problem, determine the unit product cost of each product. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Mono-Relay BI-Relay Unit product cost Required information (The following information applies to the questions displayed below.) For many years, Yelena Company manufactured a single product called a Mono-Relay. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called a Bi-Relay that has become increasingly popular. The Bi-Relay is a more complex product, requiring 1.00 hour of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The Mono-Relay requires only 0.50 hour of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor-hours. Despite the growing popularity of the company's new Bi-Relay, profits have been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Materials and labor costs per unit are given below: Direct materials Direct labor (0.50 hour and 1.00 hour $11.00 per hour) Mono- Relay $54.00 $ 5.50 Bi-Relay $69.00 $ 11.00 Management estimates that the company will incur $666,240 in manufacturing overhead costs during the current year and 18,000 units of the Mono-Relay and 7,000 units of the Bi-Relay will be produced and sold. 3. Using the activity rates you computed in part (2) above, do the following: a. Determine the per unit amount of manufacturing overhead cost that would be assigned to each product using the activity-based costing system. (Round your final answers to 2 decimal places.) Manufacturing overhead per unit of Mono-Relay Manufacturing overhead per unit of Bi-Relay b. Compute the unit product cost of each product. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Unit product cost for Mono-Relay Unit product cost for Bi- Relay