eBook Activity-Based Product Costing Davis Company produces two hair dryers: regular and deluxe. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Regular Deluxe Total Units produced 140,000 420,000 Prime costs $10,640,000 $50,400,000 $61,040,000 Machine hours 140,000 700,000 840,000 Engineering hours 200 1,000 2,000 Receiving orders 500 1,500 2,000 Inspection hours 600 1,200 1,000 Overhead costs Machining $10,920,000 Engineering 1,100,000 Receiving 640,000 Inspecting products 288,000 Required Check My Work Previous Email Intruder Save and Exit Submit Assignment for Grading Overhead costs: Machining $10,920,000 Engineering 1,100,000 Receiving 640,000 Inspecting products 288,000 Required: 1. Calculate the four activity rates. Machining rate 13 per machine hour Engineering rate 550 per hour Receiving rate 320 per order Inspecting rate 160 per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Regular Deluxe Check My Work Unit cost per unit per unit Previous Next > Email Instructor Save and Ext Submit Assignment for Grading 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Regular Deluxe Unit cost per unit per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Regular Deluxe 15.61 per unit 25.62 per unit 3. If consumption ratios instead of activity rates were used to assign costs instead of activity rates, show the cost assignment for the inspection activity. Cost assignment Regular 96,000 Deluxe 192,000 Check My Work Previous Next Email Instructor. Submit Assicoment for Grading