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 100,000 800,000 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 300 200 $1,800,000 Machining Number of setups Machine hours Engineering hours 100,000 300,000 40,000,000 Engineering 50,000 100,000 13,500,000 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. Setups 4,200 X per setup Machining 182.5 X per machine hour Engineering 43.33 X per engineering hour Packing 0.40 X per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. Deluxe 746.17 x per unit Regular 577.25 X per unit