The Acme Corporation manufactures a number of different kinds of sprinklers in three broad product lines. The following table provides relevant information about the product lines: Hand-Held Lawn Sprinklers Estate-sprinklers Units 1,000,000 2,000,000 40.000 Price per unit $9.00 $8.50 $15.00 Variable cost per unit $2.00 $4.00 $4.50 Labor hours per unit 2.2 hours 1.9 hours 2.1 hours Batch size 10,000 units 5,000 units 1.000 units Currently, Acme incurs total manufacturing overhead cost of $12,776,400 per year and allocates the manufacturing overhead cost to individual products using labor hours as the allocation basis. Required: (6 + 6 = 12 points) a. What is each product's profit margin (in total $ and per unit) under the currentmethod for allocating overhead costs? b. Acme's CEO wishes to expand the sales of estate sprinklers and deemphasize lawnsprinklers. However, because the firm's operating personnel seem cool to this ideathe CEO asks you to refine the product cost estimates and shore up her case. You find that $7,300,800 of the overhead is labor related, with the remainder relating to the number of batches run. In light of this information, what is each product'sprofit margin (in total $ and per unit)? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). IN