Check my work Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data Rounded Edge Squared Edge Total Direct materials $ 37,200 $ 49,200 $ 85,400 Direct labor 12,400 32,800 45,200 Overhead (using plantide rate) 43,800 83,400 127,200 Total product cost $ 93, 4ee $ 165,400 $ 258,800 Units produced 12,480 15,480 Product cost per unit $ 7.53 $ 10.89 Northwest's controller wants to apply activity-based costing to allocate the $127.200 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected Activity Usage Activity Budgeted cost Activity Cost Driver Rounded Edge Squared Edge Total Purchasing $ 6,600 Purchase orders 169 orders 491 orders 660 orders Depreciation of machinery 66,200 Machine hours 500 hours 1,5ee hours 2,eee hours Setup 54,400 Setups 40 setups 210 setups 250 setups Total $ 127,200 Renieri Required: 1. Compute the activity rate for each activity using activity-based costing 2. Compute overhead cost per unit for each of the two products using activity-based costing 3. Determine product cost per unit for each of the two products using activity-based costing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Purchasing Depreciation Setup Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Rounded Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit $ 0 Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit S 0 0 Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round intermediate calculations and final answers to 2 decimal places) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Rounded Edge Squared Edge