Harrison Company makes two products and uses a traditional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Rascon $14.00 $ 2.60 0.20 19,000 These products are customized to some degree for specific customers. Required: 1. The company's manufacturing overhead costs for the year are expected to be $376,250. Using the company's traditional costing system, compute the unit product costs for the two products. 2. Management is considering an activity-based absorption costing system in which half of the overhead would continue to be allocated based on direct labor-hours and half would be allocated based on engineering design time. This time is expected to be distributed as follows during the upcoming year: Rascon Parcel 4,700 4,700 Engineering design time (in hours) Total 9,400 Compute the unit product costs for the two products using the proposed activity-based absorption costing system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Show Transcribed Text Required: 1. The company's manufacturing overhead costs for the year are expected to be $376,250. Using the company's traditional costing system, compute the unit product costs for the two products. 2. Management is considering an activity-based absorption costing system in which half of the overhead would continue to be allocated based on direct labor-hours and half would be allocated based on engineering design time. This time is expected to be distributed as follows during the upcoming year: Engineering design time (in hours) Rascon Parcel 4,700 4,700 Total 9,400 Compute the unit product costs for the two products using the proposed activity-based absorption costing system. Required 1 Complete this question by entering your answers in the tabs below. Required 2 Unit product cost Parcel $ 8.00 $3.50 0.25 45,000 The company's manufacturing overhead costs for the year are expected to be $376,250. Using the company's traditional costing system, compute the unit product costs for the two products. (Round your intermediate calculations and final answers to 2 decimal places.) Rascon Show Transcribed Text 3 Parcel Required 1 Required 2 Unit product cost Required: 1. The company's manufacturing overhead costs for the year are expected to be $376,250. Using the company's traditional costing system, compute the unit product costs for the two products. 2. Management is considering an activity-based absorption costing system in which half of the overhead would continue to be allocated based on direct labor-hours and half would be allocated based on engineering design time. This time is expected to be distributed as follows during the upcoming year: S Rascon Parcel Total 4,700 9,400 4,700 Engineering design time (in hours). Compute the unit product costs for the two products using the proposed activity-based absorption costing system. Rascon Complete this question by entering your answers in the tabs below. C < Required 1 Compute the unit product costs for the two products using the proposed activity-based absorption costing system. (Round) your intermediate calculations and final answers to 2 decimal places.) Parcel Required 2 >