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 Units produced 110,000 330,000 Prime costs $7,700,000 $37,620,000 $45,320,000 Machine hours 110.000 550.000 660.000 Engineering hours 200 1,800 2,000 Receiving orders 200 600 800 Inspection hours 900 1,800 2,700 Overhead costs Machining $9.900.000 Engineering 1.060,000 Receiving 288.000 540.000 Inspecting products Required: 1. Calculate the four activity rates. 15 per machine hour Machining rate 530 per hour Engineering rate per order Receiving rate 360 200 per hour Inspecting rate the nearest cent. 2. Calculate the unit costs using activity rates. Round your answers Unit cost Basic per unit Advanced per unit Engineering 1,060,000 Receiving 288,000 Inspecting products 540,000 Required 1. Calculate the four activity rates. Machining rate per machine hour 5 per hour Engineering rate 530 per orde Receiving rate $ 360 Inspecting rate per hour 200 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 consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. 3. Cost assignment s 180,000 V Basic s360,000 Advanced