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 Tota! Units produced 100,000 300,000 Prime costs $8,200,000 100,000 $34,800,000 500,000 543,000,000 600,000 Machine hours 200 1,800 2,000 Engineering hours Receiving orders 300 900 1.200 Inspection hours 800 1,600 2.400 Overhead costs Machining 55,400,000 1,120,000 Engineering Receiving Inspecting products 432,000 312,000 Required: 1. Calculate the four activity rates Machining rate per machine hour Engineering rate 560 per hour - Receiving rate 360 per order Required: 1. Calculate the four activity rates Machining rate 9 per machine hour Engineering rate 560 per hour Receiving rate 360 per order Inspecting rate 130 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Basic perunt per unit Advanced Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Basic per un perut 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 Unit co Basic per unit Advanced per un Calculate the overhead cost per unit. Round your answers to the nearest cent Overhead Cost per un Advanced 3. If consumption ratios instead of activity rates were used to sign costs instead of activity rates show the coassignment for the inspection activity Cost assignment Basic Advanced 1. Machining rate: Overhead costs Total machine hours. The other the civity rates are calculated the same way using each activity's Overhead costs and total 2. Use the calculations from Rent to calculate the costs and also calculate OH Cost Example of Total cost Activity rate (above) Base Hosts and Activity Advanced CH costs. Example of OH cost per Totalmanacturing costs Units of production Unit Cost torbase and Advanced) 3. Calculate unit costs using consumption to compare to tyrate it costs. Tosin inspection cost use the inspections for basic/vanced to inspections for andre a conclusion