Consider the following data for two products of Vigano Manufacturing Activity Budgeted Cost Activity Driver Machine setup $ 16,000 (2e machine setups) Parts handling 12,800 (16,eee parts) Quality inspections 19,200 (100 inspections) Total budgeted overhead $ 48,000 Unit Information Product A Product B Units produced 1,600 units 320 units Direct materials cost $ 26 per unit $36 per unit Direct labor cost $ 46 per unit $ 56 per unit Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 4,000 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 Setups 1e,eee parts Inspections 4e inspections 6e inspections 8.setups Products 12 setups 6,000 parts Parts Required 1 Required 2 incos Using a plantwide overhead rate based on 4,000 direct labor hours, compute the total product cost per unit for each product. Per Unit Direct Labor Overhead Product Cost per Unit Product A Product B Direct Materials RO Required 2 TIE c 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 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 $ 0 $ 0 Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost $ 0 $ 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