ce Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow Budgeted Activity Usage 7,600 240 Process Activity Budgeted cost Activity Cost Driver Assembly Machining $ 311,400 Machine hours (1) Setups 25,000 Setups $ 337,400 Finishing Inspecting $ 226,000 Inspections Support Purchasing $ 138,000 Purchase orders Additional production information concerning its two models follows. 840 480 Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X 1,800 2,400 80 500 320 Model z 3,600 5,200 160 340 160 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X $400 145 135 Model z $ 350 110 155 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). 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.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity Machining Setups Inspection Purchasing 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.) Overhead cost per unit-Model X Activity Activity Usage Activity Rate Allocated Cost Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit $ 0 Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit S 0 0 Required 1 Required 2 Required 3 Required 4 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 dollar amount. Round your final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Model X Model Z 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 cost 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 Selling Price Product cost per unit Gross Profit Model X Model Z