Exercise 17-11 (Algo) Computing product cost per unit using plantwide method and activity-bosed costing LO P1, P3 Consider the following data for two products of Vigano Manufacturing 1. Using a plantwide overhead rate based on 5,000 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 (a) compute and (c) compute product cost per unit for each. 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 Complete this question by entering your answers in the tabs below. Using a plantwide overhesd rate based on 5,000 direct labor hourn, conpute the total product cost per unit for each product a. Compute overhead activity rates \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Activity } & Activity Rate \\ \hline Machine setup & & per setup \\ \hline Parts handling & & per part \\ \hline Quality inspection & per inspection \\ \hline \end{tabular} b. Allocate overhead to Product A, B and compute overhead cost per unit \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Activity } & Pllocated Cost \\ \hline Machine setup & & \\ \hline Parts handling & & \\ \hline Quality inspection & & \\ \hline Total allocated cost & & \\ \hline Units produced & & \\ \hline Overhead cost per unit & & \\ \hline c. Product cost per unit using activity-based costing & \\ \hline \multicolumn{1}{|c|}{ Per Unit } & Product Cost per & \\ \hline Product A Unit & \\ \hline Product B & \\ \hline \end{tabular} Required 1