Activity Machine setup Parts handling Quality inspections Total budgeted overhead Budgeted Cont Activity Driver $ 11,000 (20 machine setups) 0,000 (16,000 parts) 13,200 (100 inspections) 5 33,000 Unit Information Product Products Units produced 1,100 units 220 unita Direct materiale cost $ 21 per unit $ 31 per unit Direct labor cont $ 41 per unit 51 per unit Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 2.160 direct labor hours, compute the total product cost per unit for each product 2. Consider the following additional information about these two products. If activity based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product Products Setups 8 setups 12 setups Parts 10,000 parts 6,000 parts Inspections 40 inspections 60 inspection Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 2,750 direct labor hours, compute the total product cost per unit for each product. Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Product A Product B Required Required 2 > Required Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product 8 and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity rates Activity Activity Rate Machine setup per setup Parts handling per part Quality Inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost $ 0 $ Units produced Overhead cost per unit c. Product cost per using activity-based costing Product Cost per Por Unit Unit 0 Product A Product B