Premium Standarc 16 Exx 5000 4vorr ABC Corporation produces a product that is available in both a Premium model and a Standard model. It is estimated that $2,000,000 in manufacturing overhead costs will be incurred and that the company will produce 5,000 units of the Premium model and 40,000 units of the Standard model. The Direct Materials and Direct Labor costs per unit are as follows: Direct Materials cost per unit....... Direct Labor cost per unit...... Premium .... $150 $16 Standard $112 $8 9 The company uses Activity-Based Costing to allocate manufacturing overhead costs to its products. Four activity cost pools and their associated activities are as follows: Estimated Overhead Estimated Activity Premium Standard Activity Cost Pool and Activity Measure Cost Purchase orders (number of orders) $ 84,000 400 orders Rework requests (number of requests) 216,000 Product testing (number of tests) 450,000 4,000 tests 11,000 tests Machine-related (machine hours) 1,250,000 20,000 hours Total Estimated Overhead $2,000,000 Compute the following: The activity rate for each Activity Cost Pool; 800 orders - 1200 300 requests 600 requests 900 The unit Manufacturing Overhead cost for each model; The unit product cost for each model NH 15000 30,000 hours 50000 Show total eston