Activity Based Product Costing Total Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining engineering, receiving and inspection Information on these activities and their drivers is given below. Basic Advanced Units produced 120,000 360,000 Prime costs $10,000,000 543,200,000 $53.280,000 Machine hours 120.000 600,000 720.000 Engineering hours 300 2,700 3,000 Receiving orders 900 Inspection hours 900 1.800 2,700 Overhead costs: Machining 10. 58,640,000 1.230,000 Engineering 11 324,000 12. Inspectre products 351,000 13. Required: 14 FOOTTI Calculator Required: 1. Calculate the four activity rates. Machining rate per machine hour Engineering rate per hour Receiving rate per order Inspecting rate 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 Previous Next 8:01 PM 9/20/2020 ORI CH: a 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