Exercise 4-19 (Algo) Activity-based costing to compute activity rates, overhead cost per unit, and product cost per unit LO P3 Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Direct materials Direct labor Rounded Edge $ 41,400 Squared Edge $ 53,400 Total $ 94,800 Overhead (using plantwide rate) 13,800 48,000 35,600 90,400 49,400 138,400 Total product cost Units produced Product cost per unit $ 103,200 13,800 $ 7.48 $ 179,400 17,800 $ 10.08 $ 282,600 Northwest's controller wants to apply activity-based costing to allocate the $138,400 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. 204 orders 500 hours 40 setups Activity Usage Squared Edge 526 orders 1,500 hours 210 setups Total 730 orders 2,000 hours 250 setups Activity Purchasing Depreciation of machinery Setup Budgeted Cost $ 7,300 71,800 59,300 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge Total $ 138,400 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 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 Usage 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