Consider the following data for two products of Vigano Manufacturing Activity Machine setup Parts handling Quality inspections Total budgeted overhead Budgeted Cost Activity Driver $ 15,000 (20 machine setups) 12,000 (16,000 parts) 18,080 (108 inspections) $ 45,000 Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Product A 1,5ee units $ 25 per unit $ 45 per unit 2 per unit Product B 3ee units $ 35 per unit $ 55 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 3,750 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 B 8 setups 12 setups Setups Parts 10,eee parts 6,000 parts 40 inspections 6e inspections Inspections Product A 1. Using a plantwide overhead rate based on 3,750 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 10,888 parts 6,000 parts Inspections 4e inspections 6e inspections Parts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 3,750 direct labor hours, compute the total product cost per unit for each product, Product Cost Overhead Per Unit Direct Materials Direct Labor per Unit Product A Product B Complete this question by entering your answers in the tabs below. Required 1 Required 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. (Round your final answers to 2 decimal places.) Show less a. Compute overhead activity rates Activity Activity Rate Machine setup per setup Parts handling per part Quality inspection por inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Product A Product B Activity Activity Activity Rate Machine setup per setup Parts handling per part Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Product Cost per Per Unit Unit Product A Product B