Traditional Product Costing Versus Activity$-$Based Costing

Total predicted direct labor hours for next year is $60,000.$ The following data are for two recently completed jobs:

a$.$ Determine the unit cost for each job using a traditional company$-$wide overhead rate based on direct labor hours.

Round rate to two decimal places.

Overhead rate per direct labor hour $

Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed.

b$.$ Determine the unit cost for each job using ABC. Activity$-$based overhead rates:

Round answers to two decimal places, when needed.

NOTE: Round all answers $($except cost per unit$)$ to the nearest whole number, when applicable. Round cost per unit answers to two decimal places.