Required information

Upriver Parts manufactures two products, V$-1$ and V$-2,$ at its River Plant. Selected data for an average month for the two

products follow.

Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the

plant follow.

Required:

a$.$ Compute the unit costs for the two products V$-1$ and V$-2$ using the current costing system at Upriver $($using machine hours as the

allocation basis$).($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

b$.$ Compute the unit costs for the two products V$-1$ and V$-2$ using the proposed ABC system at Upriver. $($Do not round intermediate

calculations. Round your answers to $2$ decimal places.$)$