Consider the roliowing gata Tor two proucts or vigano manuracturing, Dudgeted Activity Cost Activity Driver Machine setup $ 23,000 (20 machine setups) Parts handling 18,400 (16,000 parts) Quality Inspections 27,600 (100 inspeotions) Total budgeted overhead $ 69,000 . Unit Information Product Product 3 Units produced 2,300 units 460 units Direct materials cast 533 per unit $ 43 per unit Direct labor cont $ 53 per unit $ 61 per unit Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 5,750 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 Nativity Usage Product Product Setups setup 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: Required 2 Using a plantwide overhead rate based on 5,750 direct labor hours, compute the total product cost per unit for each product Direct Materials Per Unit Direct Labor Overhead Product Cost per Unit Product A Product B 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.) 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 c. Product cost per unit using activity-based costing Product Cost per Per Unit Unit Product A Product B