Activity-Based Product Costing Davis Company produces two hair dryerst regular and dele. The company has four activities machining engineering, receiving and inspection Information on these activities and their Regular Deluxe Total Units produced 90,000 270.000 Prime cost $5,450,000 $29,160,000 $35,640,000 Machine hours 90.000 450.000 340,000 Engineering hours 400 3.600 4,000 Receiving orders 400 1.200 1.600 Inspection hours 300 1,600 2.400 Overhead costs Machining 36.450.000 Engineering Heching 2.160.000 464,000 Inspecting products 405,000 Required: 1. Calculate the four activity rates per machine hour Machining rate Engineering rate Paving rate per hour Der order Der hour Inspecting rate 2. Calculate the unit costs using activity rates Round your answers to the nearest cent. receiving 2764,000 Inspecting products 408,000 Required: 1. Calculate the four activity rates. Machining rate Engineering rate Receiving rate Inspecting rate per machine hour per hour per order 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, s Cost assignment Regular Deluxe