PLEASE ANSWER ALL 5 PARTS!!!: Siegel Company manufactures a product available in a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company’s profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products based on direct labor-hours. For the current year, the company estimated it will incur $900,000 in manufacturing overhead cost and produce 5,000 units of the deluxe model and 40,000 units of the regular model. The deluxe model requires two direct labor-hours per unit, and the regular model requires one direct labor-hour. Material and labor costs per unit are as follows: Model Deluxe Regular Direct materials $ 40 $ 25 Direct labor $ 38 $ 19 Required: 1-a. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. 1-b. Determine the unit product cost of each model. 2. Management is considering using activity-based absorption costing to apply manufacturing overhead cost to products. The activity-based system would have four activity cost pools: Activity Cost Pool Activity Measure Estimated Overhead Cost Purchasing Purchase orders issued $ 204,000 Processing Machine-hours 182,000 Scrap or rework Scrap or rework orders issued 379,000 Shipping Number of shipments 135,000 $ 900,000 Activity Measure Expected Activity Deluxe Regular Total Purchase orders issued 200 400 600 Machine-hours 20,000 15,000 35,000 Scrap or rework orders issued 1,000 1,000 2,000 Number of shipments 250 650 900 Calculate an activity rate for each of the four activity cost pools. 3. Using the activity rates from part (2): Compute the total manufacturing overhead cost applied to each model. Also, calculate each model’s manufacturing overhead cost per unit. Compute each model’s unit product cost (including direct materials, direct labor, and manufacturing overhead).