Basic Advanced Total Units produced 150,000 450,000 Prime costs $12,900,000 $45,900,000 $58,800,000 Machine hours 150,000 750,000 900,000 Engineering hours 400 3,600 4,000 Receiving orders 500 1,500 2,000 Inspection hours 600 1,200 1,800 Overhead costs: Machining $ 11,700,000 Engineering 2,360,000 Receiving 680,000 Inspecting products 216,000 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Basic 93.52 per unit Advanced 135.22 per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Basic 13.52 per unit Advanced 23.22 per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates cost assignment for the inspection activity. Cost assignment 110,000 Basic Advanced 220,000