Titan Company produces wrist watches sport and executive brand. Data related to the two products is presented below: Annual Production in units Direct Material costs Direct manufacturing labor costs Direct manufacturing labor hours Machine hours Number of production runs Inspection hours Sport Executive 50000 100000 1,50,000 3,00,000 * 50,000 1,00,000 2500 5000 25000 50000 50 1000 500 50 Both Products pass through Department 1 and Department 2. The department's combined manufacturing overhead costs are: Machining Cost Set up costs Inspection Costs 3,75,000 1,20,000 1,05,000 1. Compute the manufacturing overhead cost per unit for each product. (5 Marks) 2. Compute the manufacturing cost per unit for each product