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table [ [ , Standard,Premium ] , [ Units produced, 1 4 , , 3 , 5 0 0 ] , [ Production runs

\table[[,Standard,Premium],[Units produced,14,,3,500],[Production runs per quarter,50,25],[Direct materials cost per unit,$3,$ 64],[Direct labor cost per unit,5,75]]
Manufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow:
Requlred:
a. Compute the unit costs for the two products, Standard and Premium, using the current costing system at Benton (using direct labor costs as the allocation basis, for overhead).
b. Compute the unit costs for the two products, Standardyand Premlum, using the proposed ABC system at Benton.
Note: For all requirements, do not round Intermedlate calculations. Round your answers to 2 decimal places.
Answer is complete but not entirely correct.
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