ter 4 Application Exercise 4-3 Compute ABC Product Costs [LO4-3] Larner Corporation is a diversified manufacturer of industrial goods. The company's activity based costing system contains the following six activity cost pools and activity rates ivity Cost Activity Rates $ 7.00 per direct labor-hour Labor-related Book Machine-related 3.00 per machine-hour Machine setups 40.00 per setup Production orders $160.00 per order $120.00 per shipmont Shipments General factory 4.00 per direct labor-hour Cost and activity data have been supplied for the following products erences Direct materials cost per unit $6.50 $31.00 Direct labor cost per unit Number of units produced per year 4,000 S 3.75 6.00 100 Activit Direct labor-hours 1,000 40 30 3,200 Machine setups Production orders Shipments 10 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Unt product cost