Activity rates and Activity-Based Product Costing Hammer Company produces avanety 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 100.000 100.000 Selling price $750 $900 $529 Unit prime cost $483 In addition, the following formation 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 Machining Machine hours 100,000 50,000 200 300,000 100,000 $2,250,000 76,000,000 9,000,000 350.000 Engineering Engineering hours Packing Packing orders 100,000 400,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest Setups $ 4.500 190 per setup per machine hour Machining Engineering 60 per engineering hour Packing 0.7 per packing order 2. Calculate the per unit product cost for each product. Round your answers to the nearest whole dollar. Deluxe Regular 763.2 Xperunt 484 X perunt