Have been sick all week and unable to attend classes, would appreciate an explanation of answer, thanks

Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. Data for the two products for the upcoming year follow: Rasccn Parcel Direct materials cost per unit 5 29.30 5 23.30 Direct labour cost per unit 3 22.50 $ 4.40 Direct labour-hours per unit .90 .20 Number of units produced 29,000 122,000 These products are customized to some degree for specic customers. Required: 1. The company's manufacturing overhead costs for the year are expected to be $863,000. Using the company's traditional costing system, compute the unit product costs for the two products. (Round intermediate calculations and round your nal answers to 2 decimal places.) 2. Management is considering an ABC system in which half of the overhead would continue to be allocated on the basis of direct labour-hours and half would be allocated on the basis of engineering design time. This time is expected to be distributed as follows during the upcoming year: Rasccn Parcel Total Engineeringdesign time (in hours) 6,400 3,200 9.600 Compute the unit product costs for the two products using the proposed ABC system. (Round intermediate calculations and round your final answers to 2 decimal places.)