The company manufactures two basic products with model numbers 308 and 510. The following are data for production for the first month as part of MM. Total direct material costs Total direct labor costs Total machine-hours Total number of setups Total pounds of material Total direct labor-hours Number of units produced and shipped Required: Products 308 $ 61,000 $167,000 510 $ 26,000 $197,000 60,000 90,000 50 81 17,300 5,300 40,000 8,300 8,300 10,000 a. The current cost accounting system charges overhead to products based on machine-hours. What unit product costs will be reported for the two products if the current cost system continues to be used? b. A consulting firm has recommended using an activity-based costing system, with the activities based on the cost pools identified by the cost accountant. What are the cost driver rates for the four cost pools identified by the cost accountant? c. What unit product costs will be reported for the two products if the ABC system suggested by the cost accountant's classification of cost pools is used? d. If management should decide to implement an activity-based costing system, what benefits should it expect?