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 Number of setups 300 200 $2,000,000 Machine hours 100,000 300,000 80,000,000 Machining Engineering Engineering hours 50,000 100,000 6,000,000 Packing Packing orders 100,000 400,000 100,000 Required: 1. Calculate the overhead rates for each activity. (Round to two decimal places.) Setups X per setup Machining $ X per machine hour Engineering $ X per engineering hour Packing $ X per packing order 2. Calculate the per-unit product cost for each product. (Round to the nearest dollar.) Deluxe X per unit Regular X per unit