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 regulat. At the beginning of the year, the following data were prepared for this plant Deluxe Regular Quantity 100,000 800,000 $750 Seing price 5900 Unit prime cost $529 5483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Activity Cost Regular 200 Number of setups 300 $1,950,000 Machine hours 100,000 300,000 Setups Machining Engineering Packing 50,000 Engineering hours Packing orders 100,000 400,000 56,000,000 9,000,000 300,000 100,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups per setup Machining per machine hour Engineering per engineering hour Packing per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar $ Deluxe per unit Regular per unit