Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 120,000 360,000 Prime costs $8,640,000 Machine hours 120,000 $38,160,000 600,000 2,700 $46,800,000 720,000 3,000 Engineering hours Receiving orders 1,500 2,000 Inspection hours 1,800 2,700 Overhead costs: Machining $5,760,000 1,440,000 Engineering Receiving Inspecting products 540,000 270,000 Required: 1. Calculate the four activity rates. Machining rate Engineering rate Receiving rate $C $ $ $ 8 480 270 100 per machine hour per hour per order per hour Inspecting rate 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Basic per unit Advanced per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Basic Overhead Cost per unit C per unit Advanced 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 Basic Advanced