The vice president-manufacturing (VP-M) at Lauder has recently been considering updates to the company's costing systems as a way to ensure that managers had the best information available for decision making. However, rather than update throughout the entire firm, the VP-M and CFO agreed to test an ABC system. Because of its size and focus, the Bayside plant was selected for the experiment. An ABC study team, consisting of both plant and corporate employees was formed to propose an ABC system and compare the product costs with those reported by the current system. Based on the experiment, the executives at Lauder will decide whether to roll out the new cost system to the entire company. The study team identified four cost pools into which the manufacturing overhead costs could be grouped. There was a great deal of discussion about both the pools and the cost drivers. The final system selected consisted of the following pools and drivers. The costs were based on the forecasts for the coming year. Cost Pools Material inspection Assembly Equipment setup Packaging and shipping Costs $ 522,720 2,917,200 1,042,800 Activity Drivers Direct material cost Machine-hours Production runs 554,400 Units shipped Data for production of the two products at the Bayside plant for the coming year of operations follows: Total direct material costs Total direct labor costs Total machine-hours Total number of production runs Products LC-20 $ 712,800 LC-50 $ 554,400 121,605 99 $ 237,600 $ 277,200 60,720 66 Number of units produced and shipped 316,800 All direct labor at the Bayside plant is paid $35 per hour. 79,200 Required: . What unit product costs will be reported for the two products in the coming year if the current cost system continues to be used? b. What unit product costs will be reported for the two products if the ABC system is used? Complete this question by entering your answers in the tabs below. Required A Required B What unit product costs will be reported for the two products in the coming year if the current cost system continues to be used? Note: Do not round intermediate calculations. LC-20 LC-50 Direct labor-hours 15,840 Direct material costs $ 712,800 $ 7,920 237,600 Direct labor cost $ 554,400 $ 277,200 Overhead Total costs $ 1,267,200 $ 514,800 Number of units Unit cost 0 0