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1 question has 3 different parts Basic Advanced Total Units produced 150,000 450,000 Prime costs $11,700,000 $51,300,000 $63,000,000 150,000 750,000 900,000 300 2,700 3,000 Machine

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Basic Advanced Total Units produced 150,000 450,000 Prime costs $11,700,000 $51,300,000 $63,000,000 150,000 750,000 900,000 300 2,700 3,000 Machine hours Engineering hours Receiving orders Inspection hours 400 1,200 1,600 800 1,600 2,400 Overhead costs: Machining $10,800,000 1,500,000 Engineering Receiving Inspecting products 608,000 456,000 Required: 1. Calculate the four activity rates. Machining rate $ 12 per machine hour Engineering rate $ 500 per hour Receiving rate 380 per order $ Inspecting rate $ 190 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Basic per unit Advanced per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Basic per unit Advanced per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Cost assignment Basic Advanced

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