If the number is wrong and you do mt include enough detailed calculations. m partial credit will be given. No credit will be given for just answers. Coastal Corporation manufactures two types of kayaksOcean and fishingand appiies manufacturing overhead to all units using machine hours. Production information follows. Ocean Fishing Anticipated volume (units) 58,500 Si .200 Direct-materiai cost per unit $ 50 '3 70 Direct-labor cost per unit 52 62 The controller, who is studying the use of activity-based costing, has determined that the firm' s overhead can be identified with three activities: manufacturing setups, machine processing, and purchase orders. Data on the number of setups, machine hours, and purchase orders, which are the activities' three respective cost drivers. follow. Ocean Fishing Setups 176 136 Machine hours 62,400 87,750 Purchase orders 200 150 The firm' 9 totai overhead is. 323.423400 I II It is subdivided as loliows: manufacturing setups $5,110,560 machine proc $14.054,040 purchase ordr $4,258,800 Required: 1 Compute the per unit total manufacturing cost of Ocean and Fishing kayaks by using the company! s current overhead costing procedures with machine hours I(show all costs included in manufacturing costs:I 2 Compute the per unit total manufacturing cost of Ocean and Fishing kayaks by using activity-based costing I(show all costs included in manufacturing costs:I 3. ssume that the current selling price of a Fishing Kayak is $655.00 and the marketing manager is contemplating a $100 discount to stimulate volume. Is this discount advisable? Show calcuiations to Support your answer. 4. If the company wants a 25% markup, determine priczssume competitors are selling the kayaks for $400 and $600 for ocean and fishing kayaks respectively"- 5. Which method shouid the company use and why? List at least 3 reasons"