BRIEF EXERCISE 5-3 Computing ABC Product Costs [LO1- CC2; LO2 - CC3, 6, 7] Klumper Corporation is a diversified manufacturer of industrial goods. The company's ABC system has the following six activity cost pools and activity rates: Activity Cost Pool Activity Rates Labour related $ 18.00 per direct labour-hour Machine related 13.00 per machine-hour Machine setups 10.00 per setup Production orders 120.00 per order Shipments 13.00 per shipment General factory 38.00 per direct labour-hour Cost and activity data have been supplied for the following products: K425 M67 Direct materials cost per unit $120.00 $212.00 Direct labour cost per unit $1 130 $7.20 Number of units produced per year 400 4,000 Total Expected Activity K425 M67 Direct labour-hours 180 1,000 Machine-hours 200 3,000 Machine setups 3 Production orders 3 Shipments 20 Required: Compute the unit product cost of each of the products listed above