the following activities relating to indirect production costs:

Activity Activity Costs Cost Drivers

Machine Setup $180,000 1,500 setup hours

Materials Handling $50,000 12,500 pounds of materials

Electric Power $20,000 20,000 kilowatt hours

Company has obtained the following data concerning two products:

Products

Speedy1 Speedy2

Number of units produced 4,000 20,000

Direct materials cost $20,000 $25,000

Direct labor cost $12,000 $20,000

Number of setup hours 100 120

Pounds of materials used 500 1,500

Kilowatt-hours 1,000 2,000

Required:

Using the activity-based costing approach, calculate the manufacturing cost per unit for Speedy1 and Speedy2.