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 Machining Machine hours 300 100,000 50,000 100,000 200 300,000 100,000 400,000 $1,850,000 56,000,000 15,000,000 200,000 Engineering Engineering hours Packing Packing orders Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups $ S 3,700 140 per setup per machine hour Machining