Required information [The following information opples fo the questions displaycd below] For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of uts plant and at the same time introduced a second product called LEC 90 that has become increasingly popular, The LEC 90 is a more complex product. requiring 0.60 hours of direct labor tme per unit to manufacture and extenstve machining in the automated portion of the plant. The LEC 40 requires only. 0.20 houis of direct laboc time per unit and only a small amount of machining. Mamafacturing overhead costs are cumenty assigned to products on the basis of direct labor hours. Despite the growing populartyy of the company's now LEC 90 . profits have been declining steadlly Management is beginning to believe that there moy be a probiem witb the companys costing system. Direct materat and direct labor costs perinit are as follows. 2. Management is considering using activily-based costing to assign manufacturing overhead cost to products. The activity-based costing system would have the following four activity cost pools: Determine the activity rate for each of the four activity cost pools. (Round your answers to 2 decimal places.) 3. Using the activity rates you computed in part (2). do the following: a. Determine the pef unit amount of manufacturing overhead cost that would be assigned to each product using the activity based costing system. b. Compute the unit product cost of each product. Q Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Using the activity rates you computed in part (2). determine the per unit amount of manufacturing overbead cost that would be assigned to each product using the activity bosed costing system. (Do not round intermediote calculations Plound your answe(s to 2 decimal places.) Using the activity rates you computed in part (2), do the following: Determine the per unit amount of manufacturing overhead cost that would be assigned to each product using the activity-base osting system. . Compute the unit product cost of each product. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Using the activity rates you computed in part (2), compute the unit product cost of each product. (Do not round intermediate calculations. Round your final answers to 2 decimal places)