Exercise 17-3 Assigning costs using ABC LO P3 Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $ 625,000 900,e00 105,e00 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders see invoices 40,000 square feet 2 models Assume that the following information is available for the company's two products for the first quarter of 2017 Deluxe Mode1 Basic Model Production volume Parts required Batches made Purchase orders Involces 10,000 units 20,000 parts 250 batches 30,000 units 30,000 parts 100 batches 20 orders 10 invoices 50 orders 50 invoices Space occupled Hodels 10,000 sq. ft 1 model 7,000 sq. ft 1 model Required: Compute activity rates for each activity and assign overhead costs to each product model using activity-based costing (ABC) What is the overhead cost per unit of each model? (Round activity rate answers to 2 decimal places.) Activity Handling materials Inspecting product Processing orders Paying suppliers Insuring factory Designing packaging Cost driver quantity incurred Activity Rate OH Allocated es Basic Cost driver quantity incurred Activity Activity Rate OH Allocated Handling materials Inspecting product Processing orders Paying suppliers Insuring factory Designing packaging 10 10 0 10