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: In addition, the following information was provided so that overhead costs could be assigned to each product: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. SetupsMachiningEngineeringPacking$$$$persetuppermachinehourperengineeringhourperpackingorder 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. DeluxeRegular$$perunitperunit Feedback Check My Work 1. Determine the overhead rates by dividing the activity cost by the total number of drivers. 2. Assign costs using the rates in #1 and the drivers per product. Total costs for each product and divide by the number of units