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: In addition, the following information was provided so that overhead costs could be assigned to each product: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups fill in the blank: per setup Machining $ fill in the blank: per machine hour Engineering $ fill in the blank: per engineering hour Packing \$fill in the blank per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. Deluxe $ fill in the blank 5 per unit Regular $ fill in the blank per unit Feedback Area Feedback 1. Determine the overhead rates by dividing the activity cost by the total number of drivers. 2. Assign costs using the rates in #1 and the drivers per product. Total costs for each product and divide by the number of units