Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 $900 Selling price 800,000 $750 $483 Unit prime cost $529 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 Machining Machine hours Engineering $1,650,000 56,000,000 6,000,000 400,000 100,000 50,000 100,000 Engineering hours Packing orders 300,000 100,000 400,000 Packing Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups per setup Machining sl 1,500,00 X per machine hour Engineering S p er engineering hour Packing per packing order