Activity-Based Product Costing Davis Company produces two hair dryers: regular and deluxe. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Regular Deluxe Total Units produced 90,000 270,000 Prime costs $7,560,000 $27,000,000 $34,560,000 Machine hours 90,000 450,000 540,000 Engineering hours 500 4,500 5,000 Receiving orders 300 900 1,200 Inspection hours 1,000 2,000 3,000 Overhead costs: Machining $5,940,000 Engineering 2,300,000 Receiving 288,000 Inspecting products 330,000 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Regular Deluxe Unit cost X per unit X per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Regular Deluxe $ X per unit X per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Cost assignment Regular Deluxe X