Cab Company manufactures two products, Product C and Product D. The company estimated it would incur $120,100 in manufacturing overhead costs during the current period. Overhead currently is applied to the products on the basis of direct labor hours. Data concerning the current period’s operations appear below:product c product dEstimated volume 400 units 3,000 unitsDirect labor hours per unit 1.20 hours 1.30 hoursDirect materials cost per unit 4$ 22.80$Direct labor cost per unit 12$ 13$Compute the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year.