Budgeted Activity Budgeted Cost Activity Cost Driver Usage Machine hours (MH) 7,400 Setups 128 Process Assembly Activity Machining Setups Finishing Inspecting Support Purchasing $ 310,400 22,808 $ 332,400 $224,000 $ 138,000 Inspections 760 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Per Unit Model X 1,600 Model Z 3,200 2,400 5,000 48 80 480 280 340 170 Model X Model Z Selling price per unit $ 420 $400 Direct materials cost per unit 158 105 Direct labor cost per unit 145 160 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Machining Setups Inspecting Purchasing Budgeted Cost Budgeted Activity Usage Activity Rate Purchase orders Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit 340 $ 420 150 170 Model X Model Z $ 400 105 160 145 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) es Overhead cost per unit-Model X Activity Activity Usage Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing dta a coated cost Units produced erhead cost cen Activity Rate Allocated Cost Activity Usage Activity Rate Allocated Cost processes follow. Process Assembly Activity Machining Budgeted Cost $ 310,400 Setups 22,000 $ 332,400 Finishing Inspecting $ 224,000 Support Purchasing $ 138,000 Activity Cost Driver Machine hours (MH) Setups Budgeted Activity Usage 7,400 120 Inspections 760 Purchase orders 518 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Model X Model Z 1,600 3,200 2,400 5,000 Setups Inspections Purchase orders 40 80 480 280 340 170 Per Unit Model X Model 2 Selling price per unit $ 420 Direct materials cost per unit Direct labor cost per unit $ 400 105 160 assoc 150 145 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 ted with the producti Compute the total product cost per unit for each model. Round Activity Rate to 2 decimal places and other intermediate calculations to the nearest whole collar amount. Round your final answers to 2 decimal places Per Unit Model X Model Direct Materials Direct Labor Overhead Product Cost per Unit Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated wit processes follow. Budgeted Activity Process Assembly Activity Machining Setups Budgeted Cost $ 310,400 22,000 Activity Cost Driver Machine hours (MH) Usage 7,400 Setups 120 $ 332,400 Finishing Inspecting $ 224,000 Support Purchasing $ 138,000 Inspections 760 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X Model Z 1,600 3,200 2,400 5,000 40 80 480 280 340 170 Model X Model Z $ 420 150 $ 400 105 145 160 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model compute the gross profit per unit (selling price per unit minus product cost per unit). (Round Product com per unit and Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.) Per Unit Model X Model 2 Selling Price Product cost per unit Gross Profit