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 Units produced Direct materials cost per voit Machine hours per unit Production runs per month -1 10.00 1,000 25 1 B0 Production at the plant is automated and any labor cost is included in overhead Data on manufacturing overhead at the plant follow Machine depreciation Setup Labor Material handling Total $36,000 10,000 14,400 $68,400 Machine depreciation Setup labor Material handling Total 536,000 18.000 $68.00 Required: a. Upriver currently applies owerhead on the basis of machine hours. What is the predetermined overhead rate for the month (Round your answer to 2 decimal places) b. Upriver is thinking of adopting an ABC system They have tentatively chosen the following cost drivers machine hours for machine depreciation production runs for setup labor and direct material dollars for material Handling Compute the cost driver rates for the proposed system at Upriver Overhead rate Machine depreciation Setup labor Matural handling per machine hour por machine hour per production din material cost