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following data were prepared for this plant: Quantity Selling price Unit prime cost In addition, the following information was provided so that overhead costs could
following data were prepared for this plant: Quantity Selling price Unit prime cost In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Cost Setups Machining Engineering Packing Required: Setups Machining Engineering Packing Deluxe Deluxe Regular $ 100,000 $ $900 $529 Activity Driver Number of setups Machine hours Engineering hours Packing orders Regular 800,000 per unit $750 per unit $483 Deluxe 300 100,000 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 50,000 100,000 per setup per machine hour per engineering hour per packing order 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. Regular 200 300,000 100,000 400,000 $2,000,000 64,000,000 7,500,000 250,000
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