Requirement 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for e Begin by choosing a cost driver for each overhead cost pool. (Round your answers to the nearest cent.) Activity Cost driver Rate Machining Setup Inspection Determine the formula to calculate the overhead allocated to each product. X Overhead allocated to product Now calculate the total overhead allocated to each product and the overhead cost per unit. (Round total costs to the nearest d unit to the nearest cent.) Mathematical Financial Machining costs Setup costs Inspection costs Total overhead costsRequirement 2. Compute the manufacturing cost per unit for each product. Determine the formula to compute the direct costs per unit. Direct cost per unit Now calculate the manufacturing cost per unit for each product. (Round your answers to the nearest cent.) Mathematical Financial Manufacturing cost per unit Requirement 3. How might Potvin's managers use the new cost information from its activity-based costing system to better manage its business? Select all that apply A. Managers can use this information for pricing and product-mix decisions and for cost reduction and process-improvement decisions. B. Managers can use this information to improve advertising campaigns and the company's public image. C. Managers can use this information for design decisions and to plan and manage activities. D. Managers can use this information to devise employee compensation packages.Data table - X Mathematical Financial Annual production in units 49.000 98,000 Direct materials cost 205,800 $ 411,600 Direct manufacturing labour cost 83,300 $ 166,600 Direct manufacturing labour-hours 4.900 9.800 Machine-hours 24,500 49,000 Number of production runs 49 49 Inspection hours 1,000 500 Print DoneX Manufacturing overhead costs Total Machining costs S 271,950 Setup costs 98,000 Inspection costs 90,000 Print Done