Michael & Co. expects overhead costs of $37.500 per month and direct production costs of $17 per unit The estimated production activity for the current accounting period is as follows: Units produced 1st Quarter 2nd Quarter 3rd Quarter 12,000 9,500 8.500 4th Quarter 15,000 The predetermined overhead rate based on units produced is: (Round the answer to 2 decimal places.) Multiple Choice $0.83 per unit $1.20 per unit $10.00 per unit $2700 per unit