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: Line Item Description Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 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 $1,750,000 Machining Machine hours 100,000 300,000 40,000,000 Engineering Engineering hours 50,000 100,000 12,000,000 Packing Packing orders 100,000 400,000 100,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Line Item Description Overhead rate Setups $fill in the blank 1 3,500 per setup Machining $fill in the blank 2 100 per machine hour Engineering $fill in the blank 3 80 per engineering hour Packing $fill in the blank 4 0.20 per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. Line Item Description Per-unit product cost Deluxe $fill in the blank 5 per unit Regular $fill in the blank 6 per unit