Peter Company produces mathematical and financial calculators and operates at capacity. Data related to the two products follows. LOADING...(Click the icon to view the data.) Total manufacturing overhead costs are: Total Machining costs $440,000 Setup costs 110,000 Inspection costs 120,000 Requirements 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. 2. Compute the manufacturing cost per unit for each product. 3. How might Peter's managers use the new cost information from its activity-based costing system to better manage its business? Requirement 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. Begin by choosing a cost driver for each overhead cost pool.