Problem 9-61 [Algal Activity-Based Costing, Cost Flow Diagram, and Predetermined Overhead Rates (LO 9-3, 5, 6) Utica Manufacturing [UM] was recently acquired by MegaMachines, Inc. {MM}, and organized as a separate division within the company. Most manufacturing plants at MM use an ABC system, but UM has always used a traditional product costing system. Bob Miller, the plant controller at UM, has decided to experiment with ABC and has asked you to help develop a simple ABC system that would help him decide if it was useful. The controller's staff has identified costs for the first month in the four overhead cost pools along with appropriate cost drivers for each pool. Cost Pools Costs Activity Drivers Incoming inspection $ 294,066 Direct material cost Production 1,486,068 Machinehours Machine setup TWELW Setups Shipping 438,069 Units shipped The company manufactures two basic products with model numbers 308 and 510. The following are data for production for the first month as part of MM. Total direct material costs $ 31,333 $ 3?,333 Total direct labor costs $1?3,333 $233,333 Total machinehours 32,333 33,333 Total nu'lher of setups 64 33 Total pounds of material 13,333 3,333 Total direct laborhours E, 333 3,333 Number of units produced and shipped 33,333 13,333 Required A Required B Required C Required D The current cost accounting system charges overhead to products based on machine-hours. What unit product costs will be reported for the two products if the current cost system continues to be used? (Round intermediate calculations and "Per unit cost" answers to 2 decimal places.) 308 510 Total cost Per unit costRequired A Required B Required C Required D A consulting firm has recommended using an activity-based costing system, with the activities based on the cost pools identified by the cost accountant. What are the cost driver rates for the four cost pools identified by the cost accountant? (Round your answers to 2 decimal places.) Incoming inspection % of material dollars Production per machine-hour Machine setup per setup Shipping per unitRequired A Required B Required C Required D What unit product costs will be reported for the two products if the ABC system suggested by the cost accountant's classification of cost pools is used? (Round intermediate calculations and final answers to 2 decimal places.) 308 510 Total cost Per unit cost