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. Advanced Total Basic 150,000 $12,900,000 450,000 $51,300,000 $64,200,000 150,000 750,000 900,000 Units produced Prime costs Machine hours Engineering hours Receiving orders Inspection hours 300 2,700 3,000 400 1,200 1,600 900 1,800 2,700 $7,200,000 Overhead costs: Machining Engineering Receiving Inspecting products 1,290,000 624,000 405,000 Required: per machine hour 1. Calculate the four activity rates. Machining rate Engineering rate Receiving rate Inspecting rate per hour per order 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 Basic per unit 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 per order Receiving rate Inspecting rate 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 Basic per unit 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