Lave Markham Company makes two products: Basic Product and Deluxe Product. Annual production and sales are 1700 units of Basic Product and 1.300 units of Deluxe Product. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Basic Product requires 0.3 direct labor hours per unit and Deluxe Product requires 0.6 direct labor hours per unit. The total estimated overhead for next period is $98,985. The company is considering switching to an activity-based costing system for the purpose of computing unit product costs for external reports. The new activity-based costing system would have three overhead activity cost pools-Activity 1. Activity 2, and General Factory with estimated overhead costs and expected activity as follows: Activity Cont Pool Activity 1 Activity 2 General Factory Total Estimated Overhead Costa $30,576 17,445 50,964 $98,985 Expected Activity Basic Deluxe Product Product Total 1,400 500 1,900 2,100 250 2,350 510 780 1,290 (Note: The General Factory costs are allocated on the basis of direct labor hours) The overhead cost per unit of Deluxe Product under the activity based costing system is closest to: (Round your intermediate values to 2 decimal places.) Multiple Choice $29.89 $4212 46 of 50 !!! Nead > (Note: The General Factory costs are allocated on the basis of direct labor hours.) 0:12:19 The overhead cost per unit of Deluxe Product under the activity-based costing system is closest to: (Round your intermedi Multiple Choice $29.89 $42.12 $23.70 $31.32