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 150,000 450,000 Prime costs $10,800,000 $45,000,000 $55,800,000 Machine hours 150,000 750,000 900,000 Engineering hours 500 4,500 5,000 Receiving orders 500 1,500 2,000 Inspection hours 1,000 2,000 3,000 $12,600,000 Overhead costs: Machining Engineering Receiving Inspecting products 2,150,000 420,000 420,000 Required: 1. Calculate the four activity rates. Machining rate 14 per machine hour Check My Work Previous Next > Save and Exit Submit Assignment for Grading CICLO CIVILIUS 14 per machine hour 430 per hour Machining rate Engineering rate Recelving rate Inspecting rate 210 per order 140 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Regular per unit Deluxe per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Regular per unit Deluxe 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 Check My Work Previous Net Save and Exit Subm Assignment for Grading 20 . DOO DOO 13 F4 II FB