Activity Rates and Activity based Product Corting Hammer Company produces a variety of electronic aument. One of its plants produces two starter a deve and the ingan at the beginning of the year, the following data were forte plant Deluxe Regular 300,000 Quantity 100,000 Selling price $900 $750 Unit prime coat 5529 In addition, the following information was provided to that overhead costs could be assigned to och product Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 31.950.000 Machining Machine Hours 100,000 300.000 72,000,000 Engineering Engineering hours 50,000 100,000 7.500,000 Packing Packing orders 100,000 400,000 150,000 Required: 1. Calculate the overhead rates for each activity. It required, carry your answers out to the nearestent Setups per setup Machining per machine hour Engineering per engineering hour Packing Der packing order 2. Calculate the per unit product cost for each product. Round your answers to the nearest whole dollar Deluxe per unit Regular per unit