Required informetion [The following information spplies to the questions displayed below] For many years, Thomson Company manufactured a single product called LEC 40 . Then three years ago, the compony outomated a portion of its 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 time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor time per unit and only a small amount of machining Manufacturing overheed costs are currently assigned to products on the bosis of direct labor-hours. Despite the growing popularity of the company's new LEC 90 , profits have been declining steadily. Management is beginning to believe that there may be a problem with the compony's costing system. Direct material and direct labor costs per unit ore as follows: Management estimotes that the company will incur $1,024,000 in manufacturing overheod costs during the current yeor and 80,000 units of the LEC 40 and 40,000 units of the LEC 90 will be produced and sold. Using this rate and other data from the problem, determine the unit product cost of each product. (Do not round intarmediate calculations, Found your final answers to 2 decmal placest) Compute the predetermined overhead rate assuming that the company continues to apply manufacturing overhead cont on the basis of direct labor-hours. (Round your answer to 2 decimal places.)