5. A company has the following estimated indirect product costs and cost drivers. Activity Estimated cost Driver Estimated # of Drivers Assembly $224,000 Machine Hours 80,000 Packaging $99,840 Number of Units 249,600 Purchasing $41,600 Number of Requisitions 8,000 Set-up $83,200 Number of Set-ups 400 Quality Control $32,000 Inspection Hours 2,000 Total $480,640 a. Calculate the activity rate for each indirect cost pool: 1 b. Using the driver usage below, and the activity rates from the last question (Sal. calculate the amount of Indirect cost allocated to product 1: Activity Driver Assembly Machine Hours Packaging Number of Units Purchasing Number of Requisitions Set-up Number of Set-ups Quality Control Inspection Hours # of Drivers Incurred Product 1 4,000 8,000 900 40 400 Assuming the company made 40,000 of Product 1, calculate the indirect cost per unit (round answers to two decimals) Page