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 V1 and V2 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 V1 and V2 using the proposed ABC system at Upriver. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 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. equired: . Upriver currently applies overhead on the basis of machine hours. What is the predetermined overhead rate for the month? (Round our answer to 2 decimal places.) 1. Upriver is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine hours for machine epreciation, production runs for setup labor, and direct material dollars for material handing. Compute the cost driver rates for the roposed system at Upriver