Consider the following data for two products of Vigano Manufacturing. Budgeted Activity Cost Activity Driver Machine setup $ 28, 000 (20 machine setups) Parts handling 22, 400 (16, 000 parts) Quality inspections 33,600 (100 inspections) Total budgeted overhead $ 84, 000 Unit Information Product A Product B Units produced 2,800 units 560 units Direct materials cost $ 38 per unit $ 48 per unit Direct labor cost $ 58 per unit $ 68 per unit ices Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 7,000 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 10 ,000 parts 6,000 parts Inspections 40 inspections 60 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 7,000 direct labor hours, compute the total product cost per unit for each product. Per Unit Direct Materials Direct Labor Overhead Product Cost or IInit