ABC company manufactures two type of products product Y product X, and applies manufacturing overhead to all units at the rate of $80 per machine hour. Below are the production information Product Y Product X Direct material $40 $65 Direct labor $25 $25 Budgeted volume (units) 16,000 30,000 Manufacturing setup Product shipping $1,120,000 Cost $1,344,000 Cost driver Number of setup Outgoing shipments Product Y Product X 100 60 Number of setup Machine hour 32,000 45,000 200 150 Outgoing shipments . Compute the product cost per unit for each type of product under the traditional and ABC method. Machine processing $3,696,000 Machine hour