Required Information UprIver Parts manufactures two products, V-1 and V-2, at Itss RIver Plant. Selected data for an average month for the two products follow. V-1 V-2 Units produced Direct materials cost per unit Machine hours per unit Production runs per month 1,eee 10,eee $ 2. 4 2 80 40 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 93,eee 40,8ee 18,960 $152,760 Total Required: a. Upriver currently applies overhead 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 depreclation, production runs for setup labor, and direct materlal dollars for materlal handling. Compute the cost driver rates for the proposed system at Upriver. (Round "Machine depreciation" answer to 2 decimal places.) per machine hour per machine hour per production run Overhead rate a. Machine depreciation b. Setup labor Material handling % direct material cost