eBook Calculator Activity-Based Product Costing Roberts Company produces two weed eaters: basic and advanced. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Basic Advanced Total Units produced 150,000 450,000 Prime costs $12,600,000 $45,000,000 $57,600,000 900,000 Machine hours 150,000 750,000 500 4,500 5,000 Engineering hours Receiving orders Inspection hours 200 600 800 800 1,600 2,400 Overhead costs: Machining Engineering $9,000,000 2,100,000 320,000 Receiving Inspecting products 480,000 Required: 1. Calculate the four activity rates. $ per machine hour Machining rate Engineering rate $ per hour Receiving rate $ per order Inspecting rate per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Receiving 320,000 Inspecting products 480,000 Required: 1. Calculate the four activity rates. Machining rate S per machine hour Engineering rate s per hour Receiving rate $ per order Inspecting rate per hour 2. Calculate the unit costs using activity rates. Round your answers to the nearest cent. Unit cost Basic per unit Advanced per unit Calculate the overhead cost per unit. Round your answers to the nearest cent. Overhead Cost Basic per unit Advanced 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 Basic Advanced Check My Work Next