Traditional Product Costing Versus Activity$-$Based CostingAssume that Panasonic Company has determined its estimated total manufacturing overhead cost for one of its plants to be $$216,000,$ consisting of the following activity cost pools for the current month:Activity CentersActivity CostsCost DriversActivity LevelAssembly setups$$51,000$Setup hours$1,500$Materials handling$21,000$Number of moves$300$Assembly$120,000$Assembly hours$12,000$Maintenance$24,000$Maintenance hours$1,200$Total$$216,000$Total direct labor hours used during the month were $8,000.$ Panasonic produces many different electronic products, including the following two products produced during the current month:Model X$301$Model Z$205$Units produced$1,0001,000$Direct materials costs$$21,000$$$21,000$Direct labor costs$$18,500$$$18,500$Direct labor hours$500500$Setup hours$50100$Materials moves$2550$Assembly hours$800800$Maintenance hours$1040$a$.$ Calculate the total per$-$unit cost of each model using direct labor hours to assign manufacturing overhead to products.Round rate to two decimal places.Overhead rate per direct labor hour $AnswerUse 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.X$301$Z$205$Direct materialsDirect laborOverhead costTotal costUnitsPer unit costb$.$ Calculate the total per$-$unit cost of each model using activity$-$based costing to assign manufacturing overhead to products.Assembly setupsMaterials handlingAssemblyMaintenanceRound cost per unit to two decimal places, if needed.X$301$Z$205$Direct materials costDirect labor costManufacturing overhead costs:Assembly setupMaterials handlingAssemblyMaintenanceTotal costUnitsPer unit cost