The Branca Group produces two processors: the magnificent processor and the elite processor. Branca's products are very in demand and so the company is working at capacity. You are on Branca's managerial accounting team and have been given the following information: Annual Production in units Direct material costs Direct manufacturing labour costs Direct manufacturing labour-hours Machine-hours Number of production runs Inspection hours Total manufacturing overhead: Machining $388,000 Setup costs $124,800 Inspection costs $135,232 Magnificent 52,000 Elite 97,000 $187,000 $367,000 $97,000 $187,000 4,675 9,175 32,333 62,333 52 52 1,387 647 1. Select a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. Explain why you chose that cost driver. 2. Compute the manufacturing cost per unit for each product. 3. What can you conclude from the results of your analysis? Round your answers to 2 decimal places.