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 $900 Selling price 800,000 $750 $483 Unit prime cost $529 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 Machining Machine hours 300 100,000 50,000 100,000 200 300,000 100,000 $1,850,000 68,000,000 15,000,000 350,000 Engineering hours Engineering Packing Packing orders 400,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups per setup per machine hour Machining 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 per unit Regular $ per unit