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 300,000 100,000 $7,600,000 Prime costs $31,200,000 Machine hours 100,000 300 200 500,000 2,700 $38,800,000 600,000 3,000 Engineering hours Receiving orders 600 1,200 800 1,800 Inspection hours Overhead costs: Machining $7,200,000 Engineering 1,650,000 Receiving 240,000 Inspecting products 288,000 Required: 1. Calculate the four activity rates. Machining rate $ 12 per machine hour Engineering rate $ 550 per hour Receiving rate $ 300 per order Inspecting rate $ 160 per hour 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. Overhead Cost per unit Basic Advanced $ $ 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 Basic Advanced