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 100,000 $8,000,000 Units produced Prime costs Machine hours Engineering hours Receiving orders 300,000 $30,000,000 500,000 $38,000,000 600,000 100,000 400 3,600 4,000 400 1,200 1,600 Inspection hours 800 1,600 2,400 Overhead costs: $6,000,000 2,000,000 Machining Engineering Receiving Inspecting products Required: 560,000 360,000 1. Calculate the four activity rates, Required: 1. Calculate the four activity rates. Machining rate per machine hour Engineering rate per hour Receiving rate per order 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 RHIV 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 assion costs instead of activity rates, show the cost assignment for the inspection activity Cost assignment Basic Advanced Previous Non) Chad