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 Selling price Unit prime cost 100,000 800,000 $900 $529 $750 $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 Machining Machine hours 100,000 300,000 $2,000,000 64,000,000 Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 150,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent Setups per setup Machining Engineering per machine hour per engineering hour Check My Work 2 more Check My Works remaining Previous Save and Ext Submit Assignment for Grading All work saved Selling price $900 $750 $529 $483 Unit prime cost 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 $2,000,000 Machining Machine hours 100,000 300,000 64,000,000 Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 150,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups Machining per setup per machine hour Engineering Packing per engineering hour per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. Deluxe Regular per unit per unit