Swannee Company manufactures two products, Product A and Product B. The company estimated it would incur $160,790 in manufacturing overhead costs during the current period. Overhead currently is applied to the products on the basis of direct labor-hours. Data concerning the current period's operations appear below Product A 3,400 units Product B 4,800 units stimated volume Direct labor-hours per unit Direct materials cost per unit Direct labor cost per unit 1.40 hour $ 7.40 $14.00 1.90 hours $12.70 $19.00 Required: a. Compute the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year. b. The company is considering using an activity-based costing system to compute unit product costs for external financial reports instead of its traditional system based on direct labor-hours. The activity-based costing system would use three activity cost pools. Data relating to these activities for the current period are given below: Expected Activity Estimated Overhead Costs $ 12,190 ProductA Product B Total Activity Cost Pool Machine setups Purchase orders General Factory 80 730 4,760 150 920 9,120 230 1,650 13,880 79,200 69,400 $160,790 Determine the unit product cost of each product for the current period using the activity-based costing approach