Direct materials Direct labor Overhead (using plantwide rate) Total product cost Units produced Product cost per unit Rounded Edge $ 42,000 Squared Edge $ 54,000 14,000 48,600 36,000 91,400 $ 104,600 14,000 $ 7.47 $ 181,400 18,000 $ 10.08 Total $ 96,000 50,000 140,000 $ 286,000 Northwest's controller wants to apply activity-based costing to allocate the $140,000 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 Purchasing Depreciation of machinery Budgeted Cost $ 7,400 72,600 Setup 60,000 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 209 orders 500 hours 40 setups Activity Usage Squared Edge 531 orders 1,500 hours Total 740 orders 2,000 hours 210 setups 250 setups Total $ 140,000 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. 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 Purchasing Depreciation Setup Budgeted Cost Budgeted Activity Usage Activity Rate Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Rounded Edge Activity Activity Usage Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Activity Rate Allocated Cost $ 0 Activity Usage Activity Rate Allocated Cost 0 $ 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 Rounded Edge Squared Edge Direct Materials Direct Labor Overhead Product Cost per Unit